General
Balami Covers Pleasures Magazine’s March/April 2020 Issue
The commercial aviation industry is a highly complex space, where a large number of entities are involved in the delivery of travel products and services, which is sometimes manifested in a single product from a customer perspective.
These actors are often collaborating and partnering to be able to co-deliver value and meet the expectation of customers.
According to International Air Transport Association (IATA) statistics, from the moment passengers search online for an air ticket to the time they arrive at their destination, the airline is just one of around 26 business partners involved in the aviation chain.
Would you board a plane if you know it had very poor maintenance record? Would you put your life in the hands of an airline that uses defective parts for its aircraft?
If you answered no to both questions, then you would appreciate the importance of other players involved, especially the aircraft maintenance industry.
Basically, the safety of air travel relies on the assurance of quality manufacturing of aviation equipment and its maintenance that ensure that complex and sensitive puzzles have to sit perfectly together for the success of each flight that takes place anywhere in the world.
Truth be told, aircraft maintenance, repair, overhaul and modification services have a long history of been seen as a ‘white man profession’ but there seems to be a paradigm shift in the profession with inspirational success stories from Africans who have great passion and love for all the aviation industry.
In fact, it is not out of place to state that with the new crop of top African aircraft talented aircraft engineers with excellent technical knowledge blazing a path forward, it’s been difficult for the industry not to sit up and take note of the shift.
Therefore, to deepen the importance of celebrating Great Success stories in Africa and also correct the wrong impression that whenever the continent is mentioned it is only a prism of war, corruption, disease, poverty, and hunger PLEASURES Magazine presents the theme of the March/April 2020 issue of your deluxe Pan-African Entrepreneurial and Luxury magazine: Paradigm Shift, a special edition to celebrate the success story of Isaac Balami, the founder and Chief Executive Officer of 7 Stars Global Hangar, the first-ever Aircraft Maintenance Repair and Overhauling Facility in the West African sub-region who has also excelled greatly as the President of the National Association of Aircraft Pilots and Engineers.
As earlier mentioned, once a White man’s turf, aircraft maintenance, which encompasses the performance of tasks required to ensure the continuing airworthiness of an aircraft or aircraft part, including overhaul, inspection, replacement, defect rectification, and the embodiment of modifications, compliance with airworthiness directives and repair.
Balami, who once worked as a painter and soak-away evacuator who is taking the world by storm is proving that this notion has been sent to the oblivion. But of course, it took some grit, guts and a lot of hard work along the way for Balami to get there.
In this exclusive interview with PLEASURES Magazine, the President, National Association of Aircraft Pilots and Engineers (NAAPE) who doubles as the Chief Executive Officer of 7 Stars Global Hangar, Engr Isaac David Balami, speaks with the Publisher, PLEASURES Magazine, Adedotun Babatunde, on his amazing journey from been a suya seller, painter and suck-away evacuator to one of the leading providers of aircraft maintenance, repair, overhaul and modification services in the world.
According to him, ‘’I come from an extremely humble Christian background in Borno state, a state in north-eastern Nigeria. My parents and grandparents were privileged to be Christians, my parents are also pastors. I grew up in a large family, my parents were not doing very well and found it hard to pay for the kind of school I wanted to go to.
“One thing I tell people is this, in life, you must know who you are! God did not bring anybody into this world for no reason, everybody has a reason why he or she is existing. My family named me Isaac because they believed I would bring laughter to the family, community and my generation.
“So, I remain focus though the future was still obscure then. At a very young age, I would do menial jobs like laundry, farming among others to augment the little money my parents had to go to school.
“But today, who would have thought that a mere labourer just 22 years ago could become the national president of the Association of Nigerian Pilots and Engineers? Who would have thought that an ordinary mai suya in the north some years ago could become the past spokesperson of Trade Union Congress of Nigeria? Who would have thought that a filthy and stenchy soak-away evacuator from the North-Eastern part of Nigeria could become the president of Arewa Youth Consultative Forum?
“Who would have thought that a man who could hardly afford a daily meal could cater for over 500 widows and sponsor nearly 500 children in school as a commitment from a foundation he owns? Who would have thought that a helpless man who faced a lot of challenges would be the founder of Nigeria Rebirth Project?” he asked rhetorically.
On what has helped him to become what he is today, Engr Balami averred that the Industry is for the bold and courageous.
He said: “What has helped me is my being bold. It takes a bold person to be able to take up the pressures in the Aviation Industry. It is not for weak people. Growing up you can imagine a young man, sleeping and waking up in the bush, encountering snakes and all sorts.
“Going through that wilderness, going through tough times, sponsoring myself, these are what have shaped me! Aviation is a global business but at the time you would hardly see Nigerians in the various fields in the Aviation industry.
“I was young and inexperienced but I had the drive, passion and commitment to excel and it was my desire for the airline owners to be able to train locals to take up the jobs the white people were doing, not that I was racist but because I believed they can do it.”
Against the threat of being sacked, he said he contest for election to be head of the airline and won by a landslide victory against the incumbent president who was his director at the time.
“I chose between losing my job and winning the election and I made them know that if I lost the election it would be on record that I chose to salvage my people working in this industry at the peril of losing my job.”
On the making of his yet to be launched airline, Engr Balami said “The airline will redefine the aviation industry, and change the entire narrative.
“The plan is if you fly economy class with us, you will be treated as a business class passenger. Currently, we’re bringing in some aircraft that have all been converted to business class. We will be having our VIP lounge therein; we are trying to give people that fly private jets an exquisite experience with us.
“With us, you’re assured of safety and comfort. With God by our side. It’s a one-stop-shop and we’re redefining the entire status quo.”
On what the future holds for 7 Star Global Hangar, Engr Balami averred that in the next three years, the company project to be at the New York Stock Exchange while in the next five years, it will not just be doing Aircraft maintenance but by God’s grace have assembled a team of aeronautical engineers, aircraft maintenance engineers to fly the first made in Nigeria aircraft.
“The Chinese now have made in China Aircrafts. While we are still a consuming nation? We can manufacture aircraft, if from nowhere, a boy from Borno, God can use me today to create jobs in the aviation sector, if as a nobody, God can take me to this height, what that means is that with the current team I have on the ground, with the expertise, the experience will be global exposure. We can salvage the Nigerian Aviation sector,” he said.
On giving back to society through NGO, he said the Isaac Balami foundation a Nigeria Initiative is empowering and uniting people.
According to him, “The night I prayed to God to give me a scholarship was the night I established the Isaac Balami foundation. The moment God gave me a job, I started funding the foundation. The Isaac Balami Foundation is aimed at empowering the less privileged and uniting people.
“We train people to acquire skills, we help the needy with fees among other humanitarian activities. Coming from Borno state, I was raised in the midst of Muslims, I was trained and empowered by Muslims and the Isaac Balami Foundation is working to ensure there is unity, national healing, peaceful coexistence, religious tolerance.
“Today, Nigeria is polarized, so much dichotomy, so much hatred and envy amongst us. When I saw that we are at that level, I had to go beyond the Isaac Balami Foundation for the My Nigeria Initiative to emerge. We wrote to the Presidency and today the First Lady is our National Grand Matron.
“We launched this foundation with several dignitaries and ambassadors from across Nigeria in attendance. We called together 200 youth organizations and held a programme to sign a peace accord after our brothers and sisters from the eastern part of the country were asked to leave the north. Since then, there has been a lot of stability and peace.”
Also featured, in your favourite PLEASURES Magazine is the President of Seychelles, H.E Danny Faure, who believes persistence is important in becoming a leader in your field. A seasoned and experienced politician, President Faure talks to PLEASURES Magazine about how his own experiences and his motivation to improve the lives of the Seychellois people, as well as those around the world. Also, an exclusive on Beech Holdings, owned by one of Manchester’s biggest developers Stephen Beech, PLEASURES Magazine caught up with him to talk about the growth of Manchester and what the future holds for Beech Holdings.
It is also a pleasant read with, Morin O’s Creative Director, Maureen Obaweya, who has been on the cutting edge of making quality leather goods in Africa for over two decades. A look at Century Plaza, a luxury living in the heart of Los Angeles and latest collections from African Luxury fashion brand by Adebayo Jones, the London based fashion Designer and style consultant who have long been associated with glamour, elegance, opulence and style. And as usual, the magazine is incomplete without your usual light stories and other human-interest narratives such as startup success stories of Kator Hule and Olubunmi Crown Gbadewole.
General
NIMASA Mulls Expansion of Nigeria’s Deep Blue Project
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) is considering expanding the country’s Deep Blue Project due to its perceived success, with impact felt across the Gulf of Guinea, where it has helped to reduce piracy massively and gained global recognition, to ensure sustainability and greater impact.
The Director General of NIMASA, Mr Dayo Mobereola, made this known during his strategic visit to the Chief of Naval Staff, Vice Admiral Idi Abass, at the Naval Headquarters, Abuja.
Mr Mobereola, while commending the Navy for the harmonious collaboration with NIMASA and congratulating the CNS who had previously served as Maritime Guard Commander under the agency, called for continued partnership with the security outfit under his watch.
“It is important that we continue our partnership and strengthen our relationship. Our purpose here is to congratulate you and to discuss the benefits of the Deep Blue Project, how to sustain it, expand it, and increase its impact on the Gulf of Guinea.
“We are confident that we have the backing of the President, the Minister of Marine and Blue Economy, and the Nigerian Navy, hence, we are working towards presenting our proposal on the necessary improvements to be undertaken,” he stated.
The DG acknowledged the importance of the Deep Blue Project, noting that its impact resonates globally, with the International Maritime Organisation (IMO) commending it.
“The Deep Blue Project is vital, and countries around Africa and some other parts of the world are coming to copy our model. The IMO is asking how a civilian organisation was able to achieve this feat. It is therefore important that we continue to collaborate and do even better for greater sustainability,” he said.
Mr Mobereola also congratulated the Chief of Operations, Nigerian Navy, Rear Admiral Musa Katagum, who is joining the NIMASA governing board as the Navy’s representative.
On his part, the Chief of Naval Staff, Vice Admiral Idi Abass, while welcoming the NIMASA DG and his delegation, commended the Agency for the good work it is doing in the maritime sector and its continued support to the Nigerian Navy.
“Part of my command’s objective is to work in synergy with other agencies to achieve our goal as a country. We complement each other. We have no option but to collaborate and synergise.”
The Naval chief noted some concerns, which include the MoU between NIMASA and the Nigerian Navy, which has been in place since 2007 and should be revisited.
He also solicited for the Navy to be called upon for such needs as vessel repair, hydrographic surveys and chartings, stating the Navy’s capacity in handling such tasks.
The CNS also canvassed NIMASA’s assistance for wreck removal, particularly as the Navy gears towards its 70th Anniversary, where it looks forward to welcoming foreign ships.
He further commended NIMASA for its recent launch of the Cabotage Vessel Financing Fund (CVFF) Application Portal, noting that the organisation has come a long way in its planned disbursement of the fund.
General
Ikeja Electric Fumes Over Impropriety Allegations Against CEO, Chairman
By Adedapo Adesanya
Ikeja Electricity Distribution Company has described as malicious and misleading a widespread publication currently circulating online alleging impropriety about its chief executive, Ms Folake Soetan, and its board chairman, Mr Kola Adesina.
The management of the DisCo noted that a publication attributed to ‘Nigerian Global Business Forum’ defamed its CEO and the chairman of the IKEDC board.
The company said, “The publication, attributed to yet to be verified individuals and organisation, is clearly intended to misinform the public and bring the company and its leadership into disrepute through fabricated claims, the DisCo observed.”
Ikeja Electric noted that its investigation so far revealed that the ‘Nigerian Global Business Forum’ is an unregistered organisation with no recognised legal or corporate existence locally or abroad.
According to the energy firm, the signatories, “Dr Alaba Kalejaiye” and “Musa Ahmed,” have no verifiable professional credentials or established public profiles, and the publication contains false and misleading statements regarding Ikeja Electric’s operations, safety record, and financial practices.
The organisation said it had instructed its legal advisers to conduct a thorough forensic investigation and to initiate defamation proceedings against the authors, publishers, and any persons or entities found responsible for sponsoring or disseminating this malicious publication.
Ikeja Electric said it operates within a strict framework of accountability and remains committed to transparency and service improvement, warning it will not tolerate coordinated disinformation campaigns aimed at undermining public confidence and tarnishing its corporate integrity.
“Ikeja Electric remains steadfast in its mandate to deliver reliable power while upholding the highest standards of corporate governance and customer excellence.
Members of the public are advised to disregard the false publication in its entirety,” it said in a statement.
General
PMS May Sell N1,000 Per Litre if Marketers Adopt Costly Coastal Loading
By Aduragbemi Omiyale
Nigerians may be forced to purchase premium motor spirit (PMS), commonly known as petrol, for almost N1,000 per litre if marketers choose to go for the costly coastal evacuation and not the cheaper gantry loading, the Dangote Petroleum Refinery has cautioned.
Though the company clarified that marketers were free to choose their preferred mode of evacuation, it emphasised that the implication of adopting the coastal loading was that consumers would pay more for the product because of the extra costs.
According to Dangote Refinery, “Coastal logistics can add approximately N75 per litre to the cost of petrol, which, if passed on to consumers, would push the pump price of PMS close to N1,000 per litre.”
The firm noted that its “world-class gantry facility” has 91 loading bays capable of loading up to 2,900 tankers daily.
Operating on a 24-hour basis, the facility can evacuate over 50 million litres of Premium Motor Spirit PMS, 14 million litres of Automotive Gas Oil (diesel) and other refined products each day, it added, urging marketers and policymakers to prioritise logistics choices that support price stability and consumer welfare.
It stressed that direct gantry evacuation eliminates port charges, maritime levies and vessel-related costs that do not add value to end users, helping to optimise costs, improve distribution efficiency and support price stability.
“Reliance on coastal delivery, particularly within Lagos, may introduce avoidable costs with material implications for fuel pricing, consumer welfare and overall economic wellbeing,” the company stated in a statement.
Based on Nigeria’s average daily consumption of about 50 million litres of PMS and 14 million litres of diesel, the refinery estimated that sustained dependence on coastal logistics could impose an additional annual cost of roughly N1.752 trillion. This cost, it said, would ultimately be borne either by producers or Nigerian consumers.
The refinery also renewed calls for coordinated investment in pipeline infrastructure nationwide, arguing that functional pipelines linking refineries to depots would significantly cut distribution costs, improve supply reliability and strengthen national energy security.
It said domestic refining has already delivered measurable benefits to the Nigerian economy. Since the commencement of operations, the price of diesel has fallen from about N1,700 per litre to N1,100 and currently trades between N980 and N990. Similarly, PMS prices have declined from about N1,250 per litre to between N839 and N900.
It added that increased local supply has sharply reduced fuel importation, eased foreign exchange pressures and improved market stability, contributing to a stronger naira, which recently traded at about N1,385 to the dollar.
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