Ayo Sotinrin: we can’t finance every farmer, but we can fix the system constraining agriculture
Seeks to reduce loan defaults through aggregators, insurance, AI-powered monitoring, others
James Emejo in Abuja
Managing Director/Chief Executive, Bank of Agriculture (BoA), Mr. Ayo Sotinrin, said the institution is abandoning obsolete lending practices in favour of a technology-driven financing model designed to reach millions of genuine farmers, improve food production and safeguard public funds.
Speaking during an interaction with journalists in Abuja, Sotinrin said the bank’s renewed strategy is focused less on disbursing loans and more on delivering measurable outcomes that directly improve the livelihoods of Nigerians while addressing structural bottlenecks across the agricultural value chain.
