Happy weekend galenkp, this is a nice question for this week and when you said $100k, I had to convert it to naira to see what its worth. Approximately 50million naira, that's a huge amount. This is what I would do with it:
As the cash is a one time offer and I'm aware that there are charity organizations around but I don't want to fall into the cases of some organizations that spend 30% of your donation and give a display on TV, so I will do my research into the areas where these families that can't afford to feed and send their children to school are located in majority.
After that, I will build a school which will be standard as other schools but also teach them a skill, so they could get free education and be skillful in other to be self employed. You know they can't be coming to school with an empty stomach, in this case, their parents have to say what they can do if given some amount to establish a business.
When that is settled, I know education business is a good one here in Nigeria as long as it meet with the criteria. I will build another school but this will be situated in the area where the wealthy and well to do people are, so they could afford the fees but it will be of same standard as the other school.
The purpose of the second school is to take care of the expenses of the other school and there will be an audit manager who will keep check of the businesses created for the parents of the poor children to make sure its all working fine. This circle continues to as much people that it can help
That sounds like a nice system there! There needs to be more legitimate audits of things to make sure it matches up with what needs to happen. Good choices here!
You get that right, audit is really important if you want people to meet up to expectation
This sound like a nicely thought-out plan and I'm not surprised to see it focus on education. It seems to be a popular thing as a few others have also commented about it. I believe it's better to educate than simply hand over money; The old teach a man to fish scenario.
Helping people to support themselves through business development is also smart and if those people assist others in turn the whole scenario ripples outwards...Like throwing a pebble in a pond I guess.
Thanks for your thoughtful response.
!ENGAGE 25
The teach a man to fish scenario is not advice for kids who don't know how the world works, its better to hand over money to their parents who knows how to use it wisely, I know some parents don't know how but that's where the regular check up comes to play, to make sure they are using the money wisely in terms of business and providing for their family.
I know most times here in Nigeria, it seems like a waste of time to be educated because after wards one joins the unemployed graduate. That's where the skills learning come to play, if while schooling, you are taught either how to make dresses or cut hair for guys in terms of barber shop or make hair, in terms of hair saloon or baking, catering and stuff like that. After high school one can easily be self employed and pay his or her fees in the university without falling back to their parent for support
Oh ok, I'm sorry, I don't know what I'm talking about.
Lol, that's funny. The way you interpret it is different from how I did
ENGAGEtokens.Yay! 🤗
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Thanks