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Balami Covers Pleasures Magazine’s March/April 2020 Issue

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Isaac Balami Covers Pleasures Magazine

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.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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IFC, Standard Chartered Unveil Facility to Boost Supply Chains in Nigeria, Seven Others

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Standard Chartered Bank Nigeria

By Adedapo Adesanya

The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), and Standard Chartered on Wednesday announced a new ‌risk-sharing facility aimed at strengthening supply chains and supporting business growth across Africa.

The programme will roll out across eight markets—Côte d’Ivoire, Egypt, Ghana, Kenya, Nigeria, South Africa, Tanzania and Zambia—targeting sectors including agriculture, healthcare and manufacturing, with a focus on improving access to working capital for suppliers.

This marks the IFC’s first project under its Global Supply Chain Finance Program and the Africa Trade and Supply Chain Recovery Initiative, supported by the International Development Association’s Private Sector Window Blended Finance Facility.

Global demand for supply chain finance continues to rise, reaching an estimated $2.7 trillion in 2025, an increase of 8 per cent year-on-year. However, access in emerging markets remains limited, as financial institutions tend to prioritise developed economies.

The facility will cover up to $300 million in supply chain and trade finance assets originated by Standard Chartered. It includes financing instruments such as payables finance, receivables discounting and pre-shipment finance programmes, which enable businesses to access funds earlier in the payment cycle.

The facility aims to address this imbalance by mitigating risk in short-term trade and supply chain finance portfolios, helping to unlock capital in underserved markets.

By accelerating payments to suppliers, the initiative aims to strengthen supply chain relationships, improve delivery reliability and support job creation across value chains.

IFC will provide guarantees of up to $150 million, with $100 million committed as an initial tranche. The facility will support transactions in both U.S. dollars and selected local currencies.

Over three years, the partnership is expected to enable approximately $1.9 billion in supply chain finance transactions, supporting more than 500 suppliers, including small and medium enterprises. The programme also has the potential to indirectly benefit over 1 million farmers.

Speaking on this development, Mr Mohamed Gouled, Vice President, Products & Clients at IFC, said, “Supply chain finance is among the fastest ways to narrow the growing finance gap that businesses, particularly small and medium enterprises, are facing in emerging economies. By partnering with Standard Chartered to support companies at the centre of strategic value chains, we can unlock much-needed working capital at scale for businesses across Africa, including smaller firms and farmers, making supply chains more competitive and boosting job creation.”

On his part, Mr Dalu Ajene, Chief Executive and Head of Coverage, Standard Chartered Africa, said, “This $300 million facility with IFC underscores our shared commitment to strengthening Africa’s supply chains and enabling sustainable business growth. As a super-connector bank with deep expertise across key trade corridors linking Africa to Europe, Asia, the Middle East and the Americas, we are uniquely positioned to channel capital and innovation into the real economy.”

“By expanding access to supply chain finance, we are helping African companies unlock liquidity, manage risk, and invest with confidence. Our collaboration unites Standard Chartered’s cross-border expertise with IFC’s development mandate to empower businesses – from major corporations to smaller local suppliers – to engage more actively in regional and global trade, fostering job creation and promoting inclusive growth,” he added.

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Petrol Prices in Nigeria Rise 22.55% in March 2026 on Hormuz Closure

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petrol consumption nigeria

By Adedapo Adesanya

The National Bureau of Statistics (NBS) has said that the average retail price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, rose by 22.55 per cent or N237.07 per litre to N1,288.54 in March 2026 from N1,051.47 in February.

In the Premium Motor Spirit (Petrol) Price Watch for March released on Tuesday, the NBS said on a year-on-year basis, the average retail price of fuel also increased by 2.13 per cent from N1,261.65 recorded in March 2025.

This surge in fuel prices could be linked to global disruptions brought on by the US-Israel war on Iran, which triggered the closure of the Strait of Hormuz and sent prices of crude oil above $100 per barrel.

While the country was not heavily hit by the impact, it felt the ripple effect of crude prices increasing, particularly as Dangote Refinery imported crude from other markets to cover for local feedstock shortfalls.

The data noted that by state, Anambra recorded the highest average retail price of N1,441.22 per litre, followed by Sokoto at N1,377.55 and Borno at N1,375.16.

However, the price was cheapest in Lagos at N1,162.71, followed by Ogun at N1,169.78 and Kaduna state at N1,193.40.

By zone, it was most expensive in the North East at N1,336.50 last month, while the South-West recorded the lowest at N1,232.46.

A look at the Diesel Price Watch Report for March showed that the average retail price paid by users rose by 16.05 per cent on a month-on-month basis to N1,648.08 per litre from N1,420.17 per litre a month earlier.

“On state profiles analysis, the highest average price of diesel in March was recorded in Ebonyi at N2,262.29 per litre, followed by Akwa Ibom at N1,895.72 and Osun at N1,872.15.

“On the other hand, the lowest price was recorded in Kogi at N1,383.40 per litre, followed by Katsina State at N1,438.25 and Enugu at N1,480.06,” parts of the report said.

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Datti Baba-Ahmed Dumps Labour Party, Joins PRP

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datti baba-ahmed

By Modupe Gbadeyanka

The vice-presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Datti Baba-Ahmed, has left the party to join the Peoples Redemption Party (PRP).

Speaking on Channels Television’s Politics Today, the politician said he’s no longer interested in the way the Labour Party was being run.

He disclosed that there is no more peace in the political party he flew its flag in the last general elections because of greed.

He accused the ruling All Progressives Congress (APC) of destabilising opposition political parties to ensure President Bola Tinubu does not have a credible opponent in the 2027 presidential poll.

“What the Labour Party stood for is not the same now. We have a government of today which is interested in destroying other political parties,” he said.

“I am leaving the Labour Party tomorrow (today) by 12 midnight,” Mr Baba-Ahmed said when asked about his plans for next year.

I am leaving the Labour Party [at] midnight, and I am joining PRP. PRP is the new destination. PRP is the one with a history. It’s about 75 years old,” he further stated.

He further said, “When there was real peace in the Labour Party, someone was redeployed to the Labour Party and because of the antecedents of the person, [I don’t see things getting better].

PRP, a progressive Nigerian political party, was established in 1978 by Mallam Aminu Kano. It is rooted in social democratic principles and populist ideology, often focusing on the empowerment of the talakawa (common people).

Its current National Chairman, according to data obtained from the website of the Independent National Electoral Commission (INEC), is Mr Falalu Bello, while the National Secretary is Mr Babatunde F. Alli.

PRP Data INEC

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