Stanbic IBTC Founder, Atedo Peterside, States What FG Must Do Next Amid Twitter Ban Impact on Businesses

Stanbic IBTC Founder, Atedo Peterside, States What FG Must Do Next Amid Twitter Ban Impact on Businesses

- Atedo Peterside said FG must sit with Twitter to resolve the confrontation in order to avoid chasing local and foreign investors away from the Nigerian market

- The Stanbic IBTC founder also said the government should negotiate for the sake of businesses that depend on Twitter directly and indirectly

- Peterside is a critic of the decision to ban Twitter operations in Nigeria, stating that the government is always in a haste to make decisions that hurt Nigerians

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The Federal Government has been asked to enter talks with social media site, Twitter, in order to curb the ripple effect of the ban placed on Jack Dorsey's company.

While the ban is meant to end the company's presence in Nigeria, the business community within the country have cried out that the ban will have a long-lasting impact on other businesses directly or indirectly connected to Twitter.

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With some tech startup founders already pushing back against the decision to not use Twitter, the founder of the Stanbic IBTC, Atedo Peterside, has added his voice to the campaign to keep Twitter on in Nigeria.

Peterside is the latest business leader that complained about the impact of the ban on foreign and local investment into Nigeria's economy. He said the government should sit with Twitter's representatives to settle the matter.

Stanbic IBTC Founder, Atedo Peterside, Says What FG Must Do Next Amid Twitter Ban Impact on Businesses
Stanbic IBTC founder, Atedo Peterside and President Muhammadu Buhari. Photo: Atedo Peterside (R) and President Muhammadu Buhari (L)
Source: Facebook

He said negotiation is necessary due to the number of businesses that are caught in the midst of the confrontation between the Nigerian government and Twitter.

In a statement, the investment banker said:

"FG should engage Twitter for the sake of the hundreds of thousands of Nigerian businesses that are affected by the ban and to mitigate the needless reputational damage that puts off foreign and local investors."

Meanwhile, Legit.ng had previously reported that the likes of Victor Asemota, a tech investor, and co-founder of PiggyVest, Odun Eweniyi, have spoken against the Twitter ban.

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They said the ban on Twitter will hurt Nigerians that have begun to use the social media platform as an employment opportunity to support their livelihood within the country.

It was gathered that the ban will cost many of their jobs and financial losses, as work will be cut over the restriction of Twitter's presence in Nigeria.

Source: Legit

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