STATEHOUSE PRESS STATEMENT

PRESIDENT TINUBU APPOINTS AYO SOTINRIN AS MANAGING DIRECTOR OF THE BANK OF AGRICULTURE

President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective 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 leadership 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 led SAO Capital, raising over $750 million in infrastructure and development finance, including 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 includes 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 a 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.

"Mr 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", President Tinubu emphasised.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
April 4, 2025

Beremx:
If only these lopsided appointments can alleviate the suffering of people in the SW, I would have been happy. Unfortunately the wealth lies just in the same circle of thieves.
It's nothing to be proud of honestly.

arewafederation:
Even Buhari de learn job on nepotism from his successor...

kettykin:
This is all they’ve ever known—a life of tribalism greed, and filth, accomplishing nothing their whole existence but spreading nepotism like a radioactive plague, choking the system with incompetence. They’ve polluted every institution they touched, dragging the country into the mud while wearing agbadas soaked in mediocrity. And their so-called “righteous rebels”? Mute, impotent, and irrelevant. A choir of cowards too spineless to speak, too useless to act. All bark, no soul. A disgraceful generation of glorified spectators watching the country burn, applauding their own cowardice.

And don’t even mention the “Save Nigeria Group”—a faded ghost of failed activism, now buried beneath the rubble of their own hypocrisy. They screamed when it was convenient, vanished when it mattered, and left Nigeria to rot on a stretcher. The nation is in full-blown decay, and these parasites either feast on its corpse or sit silent, hoping the collapse doesn't touch their compound. History will not forgive them. Neither should we.

jazzman7711:


Yawwwnnnn….

So after all the abuse you animals have heaped on Tinubu, you expect him to be ANGEL GABRIEL and be appointing your people to sensitive positions, ba?

So that you will destroy his program for developing Nigeria, abi?

Idiots.

Go and do more ‘sit at home’.

kettykin:

See imbecilic statement, I don't need his appointments, we all come back to analyze why he failed after few years

zero8zero:

Keep quiet, Buhari the king of nepotism.

jazzman7711:


You don’t need his appointment, so why the long epistle condemning the appointment of Sotinrin?

Or should a ghost perform the job?

zero8zero:

Bring your facts, let's compare.