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2023 Elections: Hitting Rock Bottom, Finding a Way Up - Atedo Peterside

Article Published by The Guardian, 24 November, 2021

The subject of this article was imposed on me by TASCK Creative Company Limited, who were the organisers of the Ignite Conference 2021 which took place in Lagos on 17 November, 2021. Led by MI Abaga, the musician/rapper/entertainer, TASCK has, over the past few years, actively tried to mobilise influential voices in the Creative Sector to drive activities to promote civic engagement, including campaigns and music tours to encourage the youth to vote and actively use their voices and platforms for change. According to TASCK, they took the learnings from previous conferences, other interactions and the EndSars Protests in October, 2020 and deployed all these to create the IGNITE platform. 

I do not know what informed TASCK to invite me to be the Keynote Speaker at their 2021 IGNITE Conference. However, I accepted the invitation because I admired what they were trying to do, which was to be a “force for good”. In any case, it dovetailed nicely with the work of Anap Foundation, which I founded in 2003, and which has only one declared objective/mission as shown on our website (; TO PROMOTE GOOD GOVERNANCE.


I am an economist and an investment banker by training and an entrepreneur by choice and so I understand that it is impossible to separate economics from politics. Indeed, in most countries where the economy is under-performing substantially (including Nigeria), nothing might change significantly for as long as politics continues to be allowed to trump economics. To move the needle significantly in Nigeria, you need more knowledgeable leaders as well as a more discerning electorate. An ignorant and hungry electorate can give politicians a licence to do whatever they want with the economy, provided they pay each voter a little amount of money to secure their votes once in four years. Such an arrangement can go on in perpetuity, if the more educated voters get disillusioned and opt out of the electoral process.

Demography is important and in Nigeria’s case, 53.9% of our population are aged 19 and below, whilst 95.2% of the population are aged 59 and below. A corollary of this proposition is that 4.8% of the population are aged 60 and above. When youths complain that old politicians continue to dominate top political appointments, I remind them that it is for the 95.2% to rise up, organise themselves and kick out the oppressive 4.8%. The good news is that there are even some converts within the 4.8%, who will gladly work with the 95.2% to kick out the old “failed” politicians.

Nobody is going to come from Mars, Jupiter, Australia, the UK, USA or France to improve Nigeria. That said, I sympathise with our citizens who are seeking greener pastures in Canada and a few other rich countries that will take in a smattering of Nigerians on selective criteria; usually to accelerate the brain drain from Nigeria. The fact however is that, with a population of 200 million (of which at least 100 million are below the poverty line), Nigerians are far too many to be absorbed by the rest of the world. Whether we like it or not, it will remain the responsibility of knowledgeable, skilled and patriotic Nigerians (at home and abroad) to improve the country and the plight of our impoverished citizenry. Shirking that responsibility does not come so easily to some of us who have had Nigeria embedded in our DNA from childhood. I have personally not found that country that I would like to emigrate to – and I have travelled through all of the 5 major continents as well as Australia.

A very worrying trend in Nigeria is the falling voter turnout, which invariably is a measure of voter apathy. Voter turnout as a percentage of total registered voters, climbed from 52.26% in 1999 to 69.08% in 2003, but then it has been dropping ever since; 57.49% in 2007, 53.68% in 2011, 43.65% in 2015 and 34.75% in 2019. Even if we accept that some of the earlier percentages were heavily inflated, the downward trend is real. Anap Foundation has commissioned opinion polls several times across the country since 2010 and those polls also confirm increased voter apathy. We hit ROCK BOTTOM (so far) in the Anambra Governorship elections of November 2021, where total number of valid votes cast was marginally below 10% of registered voters. Indeed, Professor Charles Soludo won that election by securing only 112,229 votes out of 2,466,638 registered voters i.e. 4.5% of the registered electorate only. Do not misinterpret this to mean that I am unhappy for him. I heartily congratulate him on his important victory, but I am simply stating the facts as regards the very low voter turnout. 


All over the country, it has almost become fashionable for the educated young voter (18+ and above) to brag that he or she has no intention of registering to vote or voting or both. This was my definition of ROCK BOTTOM at the Ignite Conference. 

The most popular reasons, which educated youths give for opting out, are: 1) the votes will not count anyway; and 2) the candidates are uninspiring.  I would like to remind these youths that, over 2,000 years ago, Socrates famously said: “One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.” 

Three very important and significant things happened this month: 1) The Federal Executive Council approved the National Development Plan 2021-25, in respect of which I was the Private Sector Co-Chair of the National Steering Committee for the Plan (alongside the Finance Minister who was the Public Sector Co-Chair); 2) Anambra Governorship Election results confirmed a new low in terms of voter apathy (actual turnout of registered voters was only 10% approx); and 3) The Judicial Panel for the EndSARS Protests/Lekki Tollgate Shooting completed its report and some of its key findings became public knowledge. 

On the face of it, 1), 2) and 3) above are totally unconnected, but in reality they are interwoven. I pointed out during an Arise TV interview last week that the findings of the Judicial Panel and the ensuing WHITE PAPER are important because they tell the world whether we are building a society on JUSTICE and the TRUTH or whether we have chosen a path of INJUSTICE and LIES. I also pointed out on an NTA TV Panel last week that the National Development Plan 2021-25 will only succeed if there is a dose of political activism that will hold the “feet of politicians to the fire” and “force” them to implement the right policies plus uphold truth and justice. If we do not do this, the projected N348 trillion private sector financing (86% of the projected financing need for the Plan) may not materialise. Private capital will seek a home where it feels more comfortable or where the risk/reward equation is more interesting.

The three tiers of Government between them are expected to contribute less than 15% of the projected financing for the Plan – achieving that might sound like a stretch because total Nigerian Government revenue as a share of GDP is currently only 7% approx (among the lowest in the world). In truth that 7% figure can rise to 15%, but only if we significantly eliminate wastage and revenue leakages as well as force many Government agencies to limit their costs/overheads to no more than 50% of the revenue that they receive or raise, as recommended by the Plan. The political will to do all this might only be found, in part, through the injection of a right dose of political activism. Meanwhile, the Anambra election result tells us that, instead of increased political activism, we have entered a new era of heightened voter apathy and mass disillusionment amongst educated youths.

To find a way back up, after hitting rock bottom, we must reinvigorate our educated youths. We must bring back a large volume of discerning young educated voters into the political equation because it is their active presence and participation that will inject the required dose of political activism that will force politicians to get serious and also bring out a new type of politician that can win an election on the back of harnessing the votes of educated youths. 


The structure of the Nigerian economy is changing. By far the fastest growing sector of our economy in 2020 was the ICT sector, which grew at 12.6%. Nigeria is also fast becoming a global “soft power” on account of the successes of our Creatives who excel in Music, Film, Art, and Fashion etc. These are all newer activities that grew immensely in the 21st Century and they are sectors that are not well understood by old fuddy duddies. For these new sectors to thrive (and they are driven largely by the youth) it will be a big mistake for the youths to leave the economic management and political space to ancient mariners who still think that the economy is only about agriculture, manufacturing and fossil fuels. 

For those who continue to argue that the 2023 elections are not the priority, because you favour a new Constitution and/or restructuring or indeed you favour a separatist agenda, my advice is that, whilst agitating for those things, you should also go ahead and elect, in 2023, persons who share your agenda to represent you in your Local Government, State House of Assembly, House of Representatives, Senate etc. I still do not understand how surrendering all of those positions, plus Governor and President, to your opponents constitutes your best option. How does empowering your “enemy” to represent you improve your position? Is that mindset not akin to deliberately scoring an own goal against yourself in a soccer match, whilst still hoping to beat your opponent? 

Anap Foundation is now working hard with selected influencers from across the country and the diaspora to try and bring back or bring in many more young voters. This is the raison d’etre for our decision to launch the #GoNigeria Initiative last week which aims to encourage youths aged 18+ to register en-masse now and collect their voters cards well BEFORE the 30 June, 2022 deadline for registration so that even the angry youths can properly channel their anger towards the 2023 elections.  Our challenge to the youths who have already registered is that they should undertake to convince a minimum of 4 other youths to do the same because 1 + 4 = 5. If our youths respond positively and engage politically instead of withdrawing, we can very quickly turn this ship around and create the Nigeria that they desire and deserve.
Atedo N A Peterside CON is the President & Founder of Anap Foundation and the Founder of Stanbic IBTC Bank PLC