The Long View Arunma Oteh: ‘A Lot of Innovations That Are Very Important to Society Have Come Out of Development Banks’
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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.
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Capital Markets Misunderstood
- Many people wrongly think investing is gambling or just for the rich.
- Finance is a part of life that everyone should understand and participate in.
Childhood Financial Lessons
- Arunma's father made her read company annual reports at age eight after dinner.
- This early financial education helped shape her finance career and views on lifelong skills.
Finance as a Life Skill
- Teach young people finance as a life skill, not just to build wealth.
- Finance teaches discipline, planning, and managing for a good life, not just money.