President Tinubu appoints Ayo Sotinrin as Managing Director of BOA

By Kunle Sanni

President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture (BOA), with immediate effect.

This was contained in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, on Friday.

Sotinrin, a seasoned professional with extensive experience in both the private and public sectors, is expected to lead efforts to revitalize Nigeria’s agricultural sector and strengthen food security.

Before his appointment, Sotinrin was the Group Chief Executive Officer of SAO Group, where he spearheaded several large-scale agribusiness initiatives. His achievements include the development of a 20,000-hectare oil palm plantation and expansive poultry, aquaculture, maize, and cassava operations in Ondo State.

As head of SAO Capital, he played a key role in securing over $750 million in infrastructure and development financing, including the $200 million Akure Water Supply Project.

In the public sector, he served as Special Adviser on Environment and Urban Development to the Minister of State for the Federal Capital Territory (FCT) from 2011 to 2015. He has also consulted for global organizations such as the World Bank, African Development Bank (AfDB), DFID, and USAID.

Sotinrin holds an Executive MBA from Saïd Business School, Oxford University; a Master’s in Engineering Business Management from Warwick University; and an Advanced Diploma in Environmental Conservation. His international career includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.

“Mr. Sotinrin’s proven ability to mobilize 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 President stated.