RECOMMENDATION Tsalach AfriCard A Universal Financial Services Product for Prosperity

This is dedicated to the KING of Kings and the LORD of Lords. 

@WhiteHouse

@_AfricanUnion 

@JapanGov

@JPN_PMO

@GobiernoMX 

@Canada

@CanadianPM

@officialNESG

@DangoteGroup

@StandardBankZA

@followlasg

@Presidence_RDC

@LuxembourgLU

@CityLuxembourg 

@trpresidency

@FBI 

@electmonitorng 

@AbiodunAAjijola 

Written by Abiodun Mohammed Adeyemi Ajijola

RECOMMENDATION 

Tsalach AfriCard

A Universal Financial Services Product for Prosperity

This financial services product is a universal wealth creation tool, starting first with creating wealth for all people living on the Continent of Africa. 

One of the biggest challenges facing the people of the Continent of Africa is poverty. It appears that there has just been so much challenge making African people wealthy.

This made me think that how can a continent which has so much untapped wealth, a large population and hard-working people have so many poor people? There are many reasons for this, but this universal product serves to help solve this problem.

This insight made me think that there are resources and people are productive, therefore there is no reason why people should not prosper across board on the Continent.

Comparing with more developed parts of the world, it is clear that one of the economic transformation engines is to enable people to make purchases above what they earn, which helps to create a strong, virile consumer economy.

However, one of the drawbacks of this is DEBT. Many nations have thriving economies but also have a large amount of debt. This solution hopes to create legal prosperity for the people living on the African Continent, the African people and the entire Universe eventually.

The main components of this solution are the income of the people and the productivity of the people. These two components can help tremendously increase the prosperity of the African people without much if any recourse to debt.

Many enterprises in Africa are productive, but people just don't have enough money to make enough purchases, which means that the productivity of the African people appears to not be put to the best use as it should be. Offering debt to enable people make purchases or increase their spending is arduous because of the nature of and economies of some African nations. Therefore, debt is not that feasible as a means for gargantuan wealth creation in some African nations.

How does this work?

The logic is simple, but the implementation is sophisticated.

The functionality will be explained using an example.

For instance, many micro, small and medium enterprises and even large enterprises are very productive and have large amounts of products and or services which they want consumers to consume, but the consumers don't have enough disposable income because of poverty and growing economies. However, the Tsalach AfriCard will help to solve this problem as it helps to match unsold products and services with customers that need them but can't afford to pay for them at the time of purchase. In normal circumstances, this immediately creates debt. Once a customer makes a purchase that can't be paid for, it means that the customer owes the supplier. In regular financial products, this requires a credit card or some form of financial service which provides the payment to the supplier and the consumer owes the financial services institution. 

However, the Tsalach AfriCard is not like this. It enables purchase to the extent of a person's or company's productivity. This creates wealth but also encourages people to be more productive. This requires a very sophisticated, highly intelligent digital and electronic processing system that should be the first of its kind in the universe.

Therefore, if the consumer has 150 chickens in the poultry but can only sell 50 chickens, that means the poultry farmer only enjoys the wealth of one third of the productivity that is accomplished by that poultry farmer. This limits the disposable income of the poultry farmer to one third of the poultry farmer's potential. What the Tsalach AfriCard does is to make it possible for the poultry farmer to sell all the 150 chickens to buyers, making the poultry farmer have 3 times the disposable income. This suddenly means the poultry farmer has more resources to purchase more things for the household as well as personal needs. This dramatically increases the wealth and prosperity of the poultry farmer and helps to ensure the poultry farmer is able to more easily grow the enterprise.

Where this becomes very interesting but also very sophisticated is that those who have purchased the chickens from the poultry farmer may have the money to do that, or they may have some product and or service of their own. The meaning of that is that they can purchase chickens to eat for Christmas or some other festive occasion or regular eating based on their own level of productivity. Therefore, if a seller of mobile phones wants to patronise the poultry farmer but cannot afford to buy chickens for some meals for the family or self, then the Tsalach AfriCard finds a poultry farmer that needs a new mobile phone and or mobile phone accessory and the poultry farmer sells chickens while the mobile phone seller sells a phone. However, the poultry farmer can't pay cash for the mobile phone and the mobile phone seller doesn't have enough income to pay for the chickens. However, both people have some produce which can be provided to a needy buyer to enable a purchase of what they really need. In the overall system development, the poultry farmer does not need to offer chickens directly to the mobile phone seller because the Tsalach AfriCard just provides someone who needs chickens and then provides options for the poultry farmer to purchase a mobile phone, which includes going on the street to a shop and purchasing the mobile phone in the city where that person is at that time. Therefore, the Tsalach AfriCard really enables ordinary people and all types of people have the capacity to purchase to the extent that they are productive, not to the extent that they can sell within a given period of time, perhaps one month or a year.

This spending beyond their income levels is compensated by the products and services they are unable to sell within a one-month period for instance which a consumer wants to purchase but also does not have enough disposable income to purchase. The Tsalach AfriCard can actually be seen as a very sophisticated trade by barter system that matches customer purchase needs and demands upto the amount of product and or service they are unable to sell within a given period of time with other customers who need that product or service but do not have enough disposable income to purchase but have some product and or service which can be rendered to make that legal commercial transaction. A simple transaction situation is to think of a situation whereby a person needs a ride from one city to another city but doesn't have the disposable income to make the trip. Normally, this would require making the trip when the person has the money or the disposable income. But if, for instance, there is a legal transport driver or operator in the motor park plying that particular route who requires a 10 litres keg of palm oil and doesn't have enough disposable income to purchase that palm oil for the household, but there is this potential passenger who happens to be a palm oil seller in the market, then this situation can be solved. 

Therefore, the palm oil seller offers the 10 litres keg to the transport driver, who provides the potential customer a seat in the vehicle that is going to that city the same day, for instance. This means that the transport driver is using palm oil that the current cash position does not permit to purchase, but the palm oil does not attract any debt either, since the transport driver is productive. A seat on the journey can provide the transport driver with palm oil debt free. In this manner, both the transport driver and the passenger, who is also a seller of palm oil, are operating outside their disposable incomes, leveraging their productivity levels to increase their consumption capacities. This simplistic instance is the essence of the Tsalach AfriCard. This not only creates prosperity, but it also rewards and encourages productivity, not just hardwork, as well as legality. This will not only create a wealthy population but a responsible population that understands that to have more in life there is a need to be more productive. This may not only be in terms of quantity but also in terms of quality. For instance, a painter may not increase the number of paintings but the quality of paintings which may attract higher pricing and increase the disposable income.

To perfect this requires a very sophisticated technological solution that will facilitate this. It needs to be clearly stated that while the Tsalach AfriCard encourages online transactions, it is not only designed and intended for online transactions but every day physical transactions in the market, supermarket, shopping malls and other locations as well. The Tsalach AfriCard, like any other financial services' card, can work with Point of Sale (POS), Automatic Teller Machines (ATMs), mobile phone financial applications and more. It is easy to use by both the literate and the illiterate, the rich and the not so rich.

It is recommended that a Universal corporation be developed and established to provide this service to Africa and humanity. However, this is intended first for the Continent of Africa. Which means that all efforts by the company to get it to work and implemented need to be tailored to the Continent of Africa first. Once it is successful in the Continent of Africa, it can be offered universally to other parts of the world.

Clear targets need to be developed to ensure that disposable income increases consistently, not only by cash availability but by productivity levels which enable higher purchasing power without necessarily having more cash and while not incurring any more debt as much as is practical.

Some indicators include.

Productivity level of the population

Inventory turnover ratio

Cash disposable income of the population

Non-income disposable income of the population

Purchasing power of the population

Total internal trade

Total external trade

Average monthly and annual trade per company

Average monthly and annual trade per individual trader

Average monthly and annual consumption per individual consumer

Average monthly and annual consumption per company

There are many more metrics which will help show the impact of the Tsalach AfriCard as well as help in the design and implementation of the Tsalach AfriCard.

It is recommended that once Mrs Ngozi Okonjo-Iweala concludes her tenure at the World Trade Organisation, she should be offered the Chief Executive Officer position of the Tsalach AfriCard company. Consultations on this can be commenced, but for proper timing, commencing consultations prior to the end of her tenure would be prudent. An acting CEO could be employed in the interim until she becomes available. 

The overall African continental average per capita income hovers around $2,000-$3,000 (nominal) but significantly less than the global average.

The Tsalach AfriCard will distinguish between this average amount and the average amount of goods and or services each person in Africa produces for sale and or consumption each year on average to have an idea of the gap which is the first basic market potential for the Tsalach AfriCard which will increase as the people living in Africa become more productive.

This is recommended:

To the 55 member states that is nations of the African Union on the Continent of Africa with headquarters in Addis Ababa, Ethiopia on the Continent of Africa.

To the United States of America with capital in Washington D.C., North America.

To Japan with capital in Tokyo on the Continent of Asia.

To Mexico with capital in Mexico City on the Continent of North America.

To Canada with capital in Ottawa on the Continent of North America.

To the Nigerian Economic Summit Group headquartered in Ikoyi, Lagos State, Federal Republic of Nigeria.

To Dangote Industries Limited with headquarters in Ikoyi, Lagos State, The Federal Republic of Nigeria.

To Standard Bank Centre, Johannesburg, South Africa.

To the Lagos State Government with state secretariat in Alausa, Ikeja, Lagos State, Federal Republic of Nigeria.

To the Democratic Republic of Congo with capital in Kinshasa on the Continent of Africa.

To the Grand Duchy of Luxembourg with capital in Luxembourg City on the Continent of Europe.  

To Paraguay with capital in Asuncion on the Continent of South America.

To the Republic of Türkiye with capital in Ankara, West Asia. 

Even though this recommenation is to first be effected in the Continent of Africa, the board members are from different parts of the universe.

This will hopefully create prosperity with minimal or no debt for the people of and living in the the African Continent and beyond.