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Business News of Tuesday, 8 June 2021

Source: www.legit.ng

Stanbic IBTC's Atedo Peterside tell FG next step it must take over Twitter ban

Atedo Peterside and president Muhammadu Buhari Atedo Peterside and president Muhammadu Buhari

- 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

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.

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.