Korede Abdullah in Lagos
President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.
This information is contained in a press statement released on Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
Sotinrin is expected to bring a wealth of experience from both the private and public sectors to his new role.
Before his appointment, he served as Group Chief Executive Officer at SAO Group, where he led groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation in Ondo State.
Sotinrin’s leadership experience also extends to the public sector, where he served as Special Adviser on Environment and Urban Development to the Minister of State FCT from 2011 to 2015.
He has consulted for global development partners, such as the World Bank and USAID, and played key advisory roles on federal and state-level projects.
Sotinrin holds an Executive MBA from Oxford University and has worked with international institutions like the Royal Bank of Scotland International and Deutsche Bank.
President Tinubu emphasized that Sotinrin’s appointment aligns with his administration’s strategy to revitalize Nigeria’s agricultural sector.
“Mr. Sotinrin’s proven ability to mobilize capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty, and rural prosperity,” President Tinubu said.
