Abuja, Nigeria – President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.
Mr. Sotinrin succeeds the former leadership at a time when the Bank of Agriculture is expected to play a pivotal role in addressing Nigeria’s food security and rural development challenges.
Before his appointment, Mr. Sotinrin served as the Group Chief Executive Officer at SAO Group. At SAO Agro, he oversaw agricultural projects, including a 20,000-hectare oil palm plantation and other agribusiness operations in Ondo State. He also led SAO Capital in raising funds for infrastructure and development projects, including the Akure Water Supply Project.
In the public sector, Mr. Sotinrin worked as Special Adviser on Environment and Urban Development to the Minister of State for the Federal Capital Territory between 2011 and 2015. He has also consulted for international organizations such as the World Bank, African Development Bank, DFID, and USAID.
His international experience includes roles with the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Academically, Mr. Sotinrin holds an Executive MBA from Saïd Business School, University of Oxford, an Advanced Diploma in Environmental Conservation, and a Master’s degree in Engineering Business Management from Warwick University.
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According to the Presidency, the appointment is part of ongoing efforts to reform key institutions and improve service delivery in critical sectors.
The Bank of Agriculture is expected to play a central role in improving farmers’ access to credit and supporting the broader goals of national food security and rural development.
Further directives regarding Mr. Sotinrin’s immediate plans for the Bank are expected to be announced in the coming weeks.
