President Bola Ahmed Tinubu has named Ayo Sotinrin as the new Managing Director of the Bank of Agriculture on Friday.His appointment takes effect immediately.
Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.
Before this appointment, he held the position of Group Chief Executive Officer at SAO Group. His role as a leader 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 headed SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
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When he in the public sector, he worked as Special Adviser on Environment and Urban Development to the Minister of State FCT from 2011 to 2015.
He has consulted extensively for global development partners like 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 obtained 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.
