Billionaire Atedo Peterside joins SDP, and this is why

Atedo Peterside, the founder of Stanbic IBTC Bank, has joined the Social Democratic Party (SDP). According to him, “it is important for all adults to join a political party of their choice”, he wrote via his twitter handle.”

Peterside, who is also president, Anap Foundation, announced his joining partisan politics in a social media post.

Some of the reasons Peterside listed for joining the relatively small party include the party’s manifesto, composition of its national leadership; acceptability, youths involvement, and the party’s commitment to practicing internal democracy.


“I now believe that every adult Nigerian at home or abroad should join a political party. Our political parties will not improve on account of external pressure alone. Change must also come from within. It is difficult to improve a club or party that you do not belong to. If I believe this, then I also must practice it”, he added.

Peterside is a co-convener of GoNigeria, an initiative that promotes good governance and encourages the youth to get actively involved in politics.

The initiative encourages youths and Nigerians to take part in the electoral process by going to register for their permanent voter cards (PVCs) in preparation for the 2023 elections.


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