President Bola Tinubu has named Ayo Sotinrin as the new Managing Director of the Bank of Agriculture (BOA), effective immediately, as announced by presidential spokesperson Bayo Onanuga.
Sotinrin, a seasoned finance and agribusiness expert, brings a wealth of experience from both private and public sectors. Notably, he led significant agricultural projects as Group CEO of SAO Group, including a 20,000-hectare oil palm plantation in Ondo State.
His track record includes facilitating over $750 million in development funding, including the Akure Water Supply Project, and consulting for international organizations like the World Bank and African Development Bank. He also held roles at major international banks.
President Tinubu highlighted Sotinrin’s expertise in mobilizing capital and innovating in agribusiness as crucial for revitalizing the BOA and enhancing national food security.
The appointment aims to strengthen the BOA’s role in supporting farmers and driving agricultural development, with an expected focus on improving access to affordable credit and fostering strategic partnerships.
This move underscores the Tinubu administration’s commitment to transforming Nigeria’s agricultural sector by leveraging expert leadership and financial resources.
