ABUJA, NIGERIA – President Bola Ahmed Tinubu appointed Mr. Ayo Sotinrin Bank of Agriculture Managing Director. The appointment takes effect immediately. This action is part of the government’s plan to improve Nigeria’s agricultural sector. The President expects Sotinrin’s skills to help the bank enhance food security and rural wealth.
Appointee’s Background and Experience
Mr. Ayo Sotinrin has experience in private and public roles. He was Group Chief Executive Officer at SAO Group. There, he led SAO Agro. This unit managed large farm projects. Examples include a 20,000-hectare oil palm plantation and large poultry, fish, maize, and cassava farms in Ondo State. Sotinrin also led SAO Capital. This company raised over $750 million for projects, including $200 million for the Akure Water Supply Project. His experience is seen as vital for his new role leading the Bank of Agriculture.
Public Sector and Consulting Roles
Mr. Sotinrin previously worked in government. He was Special Adviser on Environment & Urban Development to the Minister of State FCT from 2011 to 2015. He also consulted for international groups like the World Bank, AfDB, DFID, and USAID. The Bank of Agriculture’s new MD holds an Executive MBA from Oxford University’s Said Business School.
