Financial Freedom

This solution seeks to improve on the social welfare of the target region, by enlightening the people on skills that require little knowledge of Information Technology, while still being reliable for financial independence. An example is the skill of e-commerce.

The specific problem being addressed is large scale poverty, caused by poor utilization of resources by those controlling the resources, and the high level dependence of the poor populace on those in authority.

The target population encompasses people living in abject poverty. With this solution being proffered, they do not need any formal education to become financially independent.

Being empowered by low-end tech devices, the people get engaged in mentorship programs on online trading. The trading strategy to be taught requires little or no understanding of macroeconomics. Along the line, the ability to interpret and apply macro data would increase profitability, though not absolutely required. A safe and gradual trading approach, which requires the simple recogniton of trends and patterns, is all that is needed to make the people self-dependent.

The uniqueness of my solution builds upon the fact that there are no competitors in the Forex market. It is often said that over 90% of traders fail. In developing nations however, the purchasing power of the Dollar is much stronger, reducing the pressure on traders of developing nations to make more profits, as against their peers in developed nations. This pressure to make huge profits quickly, is the root cause of failure in trading.

Being unemployed, Forex trading is my source of livelihood. I have figured out a simple strategy of remaining profitable, and the profit realized is dependable, relative to the fact that the purchsing power of the Dollar is very strong in West Africa.

This solution has remained sustainable to me. On a large scale, the target population simply need to get equipped with a personal computer and internet access. What has been lacking so far, is the awareness of a safe and gradual system of capital growth.

The skill to be taught is simple, plain and efficient. Induction time is short, and the acquired skill is easily transferable through audiovisual mode of interaction.

The trends and patterns of the strategy are easily recognizable, requiring little or no formal education.

The solution can be delivered both online and offline, as suitable for the audience.

Little or no formal education is required to thrive in the program.

It currently serves five people. Despite being proven to be reliable, the challenge to its spread is the required startup capital.

Leaving a lasting survival strategy on the minds of as many people as possible, reducing mass poverty.

The provison of personal computers, internet access and startup capital to the target population remain the significant barriers.

Getting a sponsor to provide the required equipment, then the necessary skills will be transferred subsequently.

One

Aside being a Master's Degree holder in Petroleum Engineering, I am well versed in the theories and concepts of both Project Management and Human Resource Management. Currently, I offer freelance trainings on Risk and Safety Management. As regards my solution to social insecurity, what I have to offer is very simple, yet concrete.

None for now. But I am very willing to integrate with any reliable organization that will help me achieve my goals.

I make regular freelance presentations. With the necessary support being provided, I can extend my awareness campaign toward skill acquisition targeted at effective social insecurity control.

Once the initial capital is provided either through grants or donations, the process itself becomes self-sufficient subsequently.

I have not raised any fund for the solution yet.

The sustainable startup capital is a grant of US$2,000 per person. This quoted figure includes the costs of personal computers, electricity, internet access and account opening.

Providing the target population with personal computers, internet access and live accounts, is my only concern. Once that is granted, I have no concern about my personal expenses.

My only challenge is providing the target population with portable sources of electricity(where necessary), personal computers, internet access and live trading capital. Imparting the skill of remaining profitable thereafter, is easy to implement.

Although I currently have no specific organization in mind, I would really appreciate support in the areas of funding, legal and regulatory matters, and monitoring and evaluation.