• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Why investments in Nigerian economy is declining – Atedo Peterside

Samson Akintaro by Samson Akintaro
May 17, 2022
in Business
Atedo Peterside resigns as Chairman of Cadbury Nigeria’s board of directors 
Share on FacebookShare on TwitterShare on Linkedin

The Founder and pioneer CEO of Stanbic Bank Plc, Mr. Atedo Peterside, has said that investments in the Nigerian economy are declining because there is no level-playing field for investors. According to him, the economy has been rigged in favour of a few, which is making many prospective local and foreign investors to hold their funds and watch.

Speaking at the Vanguard Economic Focus themed: ‘National Plans & Performance: Gaps, Learnings & Opportunities’, Peterside side investors are moving their funds to other African countries where there is a level playing field for all.

Other speakers at the conference also agreed that the government has treated the private sector unequally. They added that the private sector can only thrive where there is a level playing field.

RelatedStories

Atedo Peterside resigns as Chairman of Cadbury Nigeria’s board of directors 

Atedo Peterside resigns as Chairman of Cadbury Nigeria’s Board of Directors 

June 30, 2020
Stanbic IBTC founder protests Sanusi's dethronement, Peterside steps down as director Nigerian Breweries, here is why

Peterside steps down from Nigerian Breweries board, gives reason

April 2, 2020

What they are saying

  • Taking a look at the economy in retrospect, Peterside, who was the Chairman of the occasion, said: “The Nigerian economy was one of the fastest-growing until 2014. It grew steadily for 15 years but since 2015, it has been declining steadily. We need to ask ourselves what has changed.”
  • “This is not because other economies are also not growing. Others are growing but we are lagging. Investor confidence in the Nigerian economy is declining because there’s no level-playing field for the investors. The economy has been rigged to favour a few. To grow the economy, we have to create a level-playing field,” he said.
  • Peterside noted that “regrettably, the sectors that are thriving today are the ones that the government is not involved: ICT and creatives. This is because there is a level-playing field for all players in the two industries.”

Also speaking, a representative of the Manufacturers Association of Nigeria (MAN) Mr. Rushed Adegbenro, said the government has not allowed the private sector to function as it should.

“The government is still holding the key to the private sector. Aside from the challenge of Policy somersaults, which has made the policy environment unconducive, there is no level-playing field,” he said.


Follow us for Breaking News and Market Intelligence.
Tags: Mr. Atedo PetersideStanbic Bank Plc
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Atedo Peterside resigns as Chairman of Cadbury Nigeria’s board of directors 
Billionaire Watch

Atedo Peterside resigns as Chairman of Cadbury Nigeria’s Board of Directors 

June 30, 2020
Stanbic IBTC founder protests Sanusi's dethronement, Peterside steps down as director Nigerian Breweries, here is why
Business News

Peterside steps down from Nigerian Breweries board, gives reason

April 2, 2020
FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism
Business News

Ekiti, Enugu, Bayelsa, 12 others attract no investment in half year 2019 

October 13, 2019
Next Post
NDLEA apprehends suspected drug baroness in Delta State

NDLEA apprehends suspected drug baroness in Delta State

Comments 1

  1. Oye says:
    May 20, 2022 at 2:06 pm

    Why cant he be a lot more specific??

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics