Tinubu Approves The Appointment of Ayo Sotinrin As Bank Of Agriculture's Managing Director President Bola Tinubu has appointed a former Chief Executive Officer at SAO Group, Ayo Sotinrin, as the new Managing Director of the Bank of Agriculture
The Round Table announces that the Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a statement on Friday, April 4, 2025.
Tinubu revealed that Sotinrin brings a differing and extensive private and public sector background to his new role.
President Tinubu emphasised that 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 appended, “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, containing emerging a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
“He likewise led SAO Capital, raising over $750 million in infrastructure and development finance, containing 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 contains roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency. Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and the Master’s in Engineering Business Management from Warwick University.
“Mr Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector.”
Category: World-News
Tag: Tinubu Approves The Appointment of Ayo Sotinrin As Bank Of Agricultures Managing Director
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Published 4/4/2025