Tinubu appoints Ayo Sotinrin as Bank of Agriculture Managing Director

Tinubu appoints Ayo Sotinrin as Bank of Agriculture Managing Director

President Bola Tinubu has appointed Ayo Sotinrin because the coping with director of the Bank of Agriculture (BOA), with the appointment taking impact immediately.

In a announcement on Friday, April 4, Bayo Onanuga, unique adviser to the president on statistics and approach , stated Sotinrin brings tremendous enjoy from each the non-public and public sectors, having labored with worldwide establishments along with the World Bank, African Development Bank (AfDB), Department for International Development (DFID), and United States Agency for International Development (USAID).

“Before this appointment, he held the location of organization leader govt officer at SAO Group,” Onanuga stated .

“His management at SAO Agro, an agribusiness company, changed into marked via way of means of groundbreaking agricultural initiatives, such as growing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.

“He additionally led SAO Capital, elevating over $750 million in infrastructure and improvement finance, such as the landmark $ 2 hundred million Akure Water Supply Project.

“In the general public region , he served as unique adviser ( surroundings and concrete improvement ) to the minister of country FCT from 2011 to 2015. He has consulted substantially for worldwide improvement companions along with the World Bank, AfDB, DFID, and USAID and performed key advisory roles on federal and country – stage projects.

“His global heritage consists of roles on the Royal Bank of Scotland International, Deutsche Bank, and the United Kingdom Environment Agency.

“Mr Sotinrin holds an govt MBA from Said Business School, Oxford University; a sophisticated degree in environmental conservation; and a master’s in engineering commercial enterprise control from Warwick University. Mr Sotinrin’s appointment aligns with the Tinubu administration’s approach to revitalise Nigeria’s agricultural region .”

Tinubu highlighted that Sotinrin’s knowledge in mobilising capital, using innovation in agribusiness, and fostering cross- region collaboration can be key in repositioning the BOA as a catalyst for meals security, sovereignty, and rural prosperity.