Some years back, Professor C. K. Prahalad of Michigan University propounded his Base of the Pyramid theorem.
I first read about him from Jeffrey Sachs’ book titled, The End of Poverty: Economic Possibilities for Our Time. I was so excited when I bought a copy at the Ataturk Airport in Istanbul, Turkey.
As at 2012, more than 4.5 billion people live on less than USD 2.5 out of the 7.5 billion people on earth. They form the Base of the Pyramid (BoP). If you can meet the needs of this BoP population or solve their problems, you will be rich and socially relevant.
Those at the BoP also generate a lot of agricultural waste in Africa.
Part of my Talakawa Economics and Entrepreneurship development is to encourage the conversation of waste to wealth.
It will shock you to know that people come from some parts of the country to buy truckloads of poultry manure in Delta State.
One sign of development is the reduction of wastages, and one thing that leads to development is the minimalisation of wastages; it’s a developmental cycle.
Our next Talakawa Economics post is on cassava peels.
God Bless You.