@nairadiary: “No Young Nigerian Can Start a Bank at 33 Like I Did Today” — Atedo Peterside Says Restrictive Regulations Are Making It Harder for Young Entrepreneurs to Succeed Atedo Peterside, founder of Investment Banking & Trust Company (IBTC), which later became part of Stanbic IBTC, has expressed concern over the challenges facing young Nigerian entrepreneurs, saying the current business and regulatory environment makes it difficult for young people to replicate the achievements of his generation. Speaking in an interview, Peterside reflected on how he established IBTC in 1989 at the age of 33, arguing that a young Nigerian attempting a similar feat today would face significantly greater barriers. According to him, the conditions that once allowed entrepreneurs to establish and grow major financial institutions have changed, with regulations and other business constraints making it increasingly difficult for new players to enter the industry. Peterside expressed sadness that talented young Nigerians may not have the same opportunities to build major institutions from scratch, stressing the importance of creating an environment that supports enterprise and innovation. His comments have reignited conversations about the challenges confronting young entrepreneurs in Nigeria, including access to capital, regulatory requirements and the cost of doing business. Peterside founded IBTC in 1989 and went on to become a prominent figure in Nigeria’s investment banking industry. The company later became part of Stanbic IBTC following its integration with the Standard Bank Group. Beyond banking, he is also known for his involvement in private aviation through Anap Jets and governance advocacy through the Anap Foundation. His remarks raise an important question about Nigeria’s business environment: are the country’s current regulations protecting the financial system while supporting innovation, or are they creating barriers that make it harder for a new generation of entrepreneurs to build major institutions? #AtedoPeterside #StanbicIBTC #NigerianEntrepreneurs #BusinessNews #NairaDiary

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Monday 19 October 2026 21:55:45 GMT