By Bukola Kuteyi
The Special Adviser to the Nigeria President on Information and Strategy, Mr. Bayo Onanuga has confirmed the appointment of the new Bank of Agriculture (BOA) Director.
According to information, President Bola Ahmed Tinubu appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture (BOA).
The New MD, Sotinrin, is a seasoned finance and agribusiness expert, coupled with a wealth of experience from both the private and public sectors.
He had served as Group Chief Executive Officer at SAO Group, in Ondo State, with an extensive background in development finance.
Meanwhile, President Tinubu emphasized that Sotinrin’s appointment is in alignment with his administration’s vision, which is to revitalize Nigeria’s agricultural sector to further enhance food security and economic growth.
In his words: “Sotinrin has a proven ability to mobilize capital and innovate in agribusiness. He is to collaborate across sectors to reposition the Bank of Agriculture as a catalyst for food security, sovereignty, and rural prosperity.”
The Bank of Agriculture plays a critical role in Nigeria’s economic development, with prolific efforts in providing financial support to farmers and agribusinesses. His appointment is expected to strengthen the capacity and drive investments in modern agriculture, boosting Nigeria’s food production and rural development.