By Parrot Newspaper 
Tinubu Appoints Ayo Sotinrin as Bank of Agriculture MD
President Bola Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, a move aimed at revitalizing Nigeria’s agricultural sector.
A Leader with Extensive Private and Public Sector Experience
Announcing the appointment, presidential media aide Bayo Onanuga stated that Sotinrin brings a wealth of experience spanning agribusiness, infrastructure finance, and environmental development. His tenure takes immediate effect.
A Track Record of Transforming Agribusiness
Before this appointment, Sotinrin served as Group Chief Executive Officer at SAO Group. Under his leadership, SAO Agro spearheaded innovative agricultural initiatives, including:
A 20,000-hectare oil palm plantation in Ondo State
Large-scale poultry, aquaculture, maize, and cassava operations
His expertise extends beyond agriculture. As head of SAO Capital, he successfully mobilized over $750 million for infrastructure and development projects, notably securing $200 million for the Akure Water Supply Project.
Public Sector and International Expertise
Sotinrin’s public sector experience includes serving as Special Adviser on Environment & Urban Development to the Minister of State for the Federal Capital Territory (2011–2015). He has also consulted for major global development organizations such as the World Bank, African Development Bank (AfDB), DFID, and USAID.
His international exposure includes roles at:
Royal Bank of Scotland International
Deutsche Bank
UK Environment Agency
Academic Excellence and Strategic Vision
Sotinrin holds prestigious academic credentials, including:
Executive MBA from Oxford University’s Said Business School
Master’s in Engineering Business Management from Warwick University
Advanced Diploma in Environmental Conservation
Driving Nigeria’s Agricultural Renaissance
The Tinubu administration sees Sotinrin’s appointment as a key step in strengthening the Bank of Agriculture’s role in food security, economic diversification, and rural prosperity.
“Mr. Sotinrin’s expertise in capital mobilization, agribusiness innovation, and cross-sector collaboration will be instrumental in repositioning the Bank of Agriculture as a catalyst for national development,” the statement concluded.
With this appointment, expectations are high for transformative policies that will empower farmers, boost agribusiness, and enhance Nigeria’s self-sufficiency in food production.
Tinubu Appoints Ayo Sotinrin as Bank of Agriculture MD