President Tinubu has approved a crucial appointment from Paris.
NewsOnline Nigeria reports that President Bola Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, with the appointment taking immediate effect.
In a statement, Tinubu’s media aide, Bayo Onanuga, highlighted Sotinrin’s extensive experience in both the private and public sectors, emphasizing that his appointment aligns with the administration’s goal of revitalizing Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise 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,” the statement said.
Prior to this role, Sotinrin served as the Group Chief Executive Officer of SAO Group, where he spearheaded major agricultural initiatives, including the development of a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, securing over $750 million in infrastructure and development financing, notably the $200 million Akure Water Supply Project.
His public sector experience includes serving as Special Adviser on Environment and Urban Development to the Minister of State for the Federal Capital Territory (FCT) from 2011 to 2015.
Additionally, he has provided consultancy services to global development organizations such as the World Bank, African Development Bank (AfDB), Department for International Development (DFID), and USAID, offering key advisory support on federal and state-level projects.
Sotinrin’s international experience spans roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
He holds an Executive MBA from Said Business School, Oxford University, an Advanced Diploma in Environmental Conservation, and a Master’s degree in Engineering Business Management from Warwick University.
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