A structured financing support fund worth N1.5 billion has been initiated to assist creative entrepreneurs in Nigeria, with backing from the United Kingdom and Lagos State government.
Woodhall Capital, in collaboration with Polaris Bank, spearheads the initiative designed to enhance businesses in the film, fashion, music, and digital content sectors.The fund was officially unveiled at the launch of the Creative Currency Podcast, a new initiative aimed at fostering collaboration among creatives, investors, and policymakers. During the event at the British Deputy High Commissioner’s residence in Ikoyi, Polaris Bank’s Executive Director Abimbola Ozomah stated that the fund is an important move toward addressing the creative industry’s long-term exclusion from formal financial systems
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