The Long View
Arunma Oteh: ‘A Lot of Innovations That Are Very Important to Society Have Come Out of Development Banks’
May 13, 2025
In this engaging conversation, Arunma Oteh, former treasurer of the World Bank and Nigeria's SEC Director General, discusses the pivotal role of development banks in fostering societal innovations. She shares personal insights on financial literacy, emphasizing its importance in youth education. Oteh also recounts her leadership journey through Nigeria's post-crisis financial landscape, revealing challenges she faced, including political pressures and corruption allegations, highlighting the need for integrity in public service.
44:55
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Capital markets are often misunderstood as exclusive to the wealthy, but they offer essential investment opportunities for all individuals.
- The speaker's tenure at Nigeria's SEC highlighted the need for integrity in regulatory reform amidst political pressures to restore investor confidence.
Deep dives
Debunking Myths About Capital Markets
Many people misunderstand capital markets, often viewing investing as a form of gambling exclusively for the wealthy. However, these markets present invaluable opportunities for wealth generation for everyone, and finance should be an integral part of daily life. An emphasis on understanding investment objectives and risk profiles is crucial, as it allows individuals to make informed decisions instead of relying on misleading price indicators. Educational resources and financial advisors are readily available, demystifying the notion that only the highly educated can navigate these markets.
