In Nigeria, the term “family tax” isn’t found in any official tax code. Yet, it’s a burden many youths carry daily.
It’s the unspoken expectation that once you’re employed—if you’re lucky enough to be—you’ll contribute to the family’s financial needs.
But is this tradition empowering or exploiting the younger generation?
Let’s delve into this complex issue with a mix of humor and critical insight.
The Unofficial Tax Code
Think yourself a fresh graduate, full of hope and dreams. You land your first job, and the excitement is palpable.
But then, reality hits. Your salary isn’t just for you; it’s for your younger siblings’ school fees, your cousin’s wedding, and your auntie’s medical bills.
Before you know it, you’re left with just enough to cover your daily transportation fare and data subscription.
This phenomenon, often referred to as “black tax,” is prevalent in many African cultures, especially Nigeria.
It’s the expectation that the more fortunate family members will support those less fortunate.
While this fosters a sense of community, it can also place immense pressure on the youth, limiting their financial independence and personal growth.
Youth Unemployment: The Silent Partner
Before we point fingers at the youth for not contributing enough, let’s consider the bigger picture. Nigeria’s youth unemployment rate is staggering, with estimates ranging from 33% to 42.5%.
This means that a significant portion of the youth population is struggling to find stable employment, let alone support extended family members.
The lack of job opportunities, coupled with a mismatch between educational qualifications and market needs, exacerbates this issue.
Many youths find themselves underemployed or working in the informal sector, earning meager wages that barely cover their personal expenses.
Expecting them to shoulder additional financial responsibilities can lead to feelings of resentment and burnout.
The Economic Strain
The pressure to support extended family members doesn’t just affect individual youths; it has broader economic implications.
When a significant portion of the population is financially strained, consumer spending decreases, leading to slower economic growth.
Also Read: How Family Tax Impacts Your Finances
Moreover, the constant financial obligations can deter youths from pursuing entrepreneurial ventures, as they fear the risk of failure and the potential impact on their family’s well-being.
Breaking The Cycle
So, how can we address this issue? It starts with open conversations about financial expectations within families.
Youths should feel empowered to set boundaries and prioritise their financial independence.
Simultaneously, families should recognise the importance of supporting their youths in building sustainable careers and businesses.
Government initiatives, such as the National Social Investment Program, aim to provide financial assistance and skills development to youths.
Programs like N-Power offer job training and stipends, while the Government Enterprise and Empowerment Program provides micro-loans to young entrepreneurs.
Family Tax
Family support is crucial, but it shouldn’t come at the expense of the youth’s financial well-being and personal growth.
It’s time to redefine the concept of “family tax” to ensure it empowers rather than burdens the younger generation.
After all, a financially independent youth is better equipped to contribute meaningfully to the family’s prosperity.
If you’re a Nigerian youth feeling the weight of family expectations, remember: it’s okay to say no. Set boundaries, prioritise your financial health, and seek support when needed.
Together, we can break the cycle and build a more sustainable future.
