President Bola Tinubu has named Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, an appointment designed to assist the administration in achieving better food security across the country.
Sotinrin, who replaces Ali Hassan, would be expected to use his diverse experience garnered over the years in the private and public sectors in his new role.
According to the president, 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.
The agribusiness expert’s appointment was announced on Friday by the president’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, “Before this appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
“He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
“In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.
“He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects.
“His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
“Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
“Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector”.
