In Nigeria, conversations around tax policies and reforms may seem distant from the lives of young people, but the reality is that these decisions directly impact our futures. The Federal Government’s recent proposal to increase the tax rate on wealthy Nigerians to 25% for those earning N100 million or more monthly has sparked debates across the country. What’s missing from this debate, however, is the involvement of young voices.

For too long, policy discussions like this have been dominated by the older generation, leaving young people out of the equation. But why should we care? Taxes, after all, fund the very systems and infrastructure we rely on every day—from education and healthcare to roads and social services. More importantly, policies like this will shape the economic environment that we, as the next generation, will inherit.

The Importance of Tax Policy to Young People

The proposed tax reform is designed to ensure that wealthier Nigerians contribute more to the nation’s revenue. While this policy primarily affects high-income earners, it represents a larger conversation about how resources are distributed across society and how government revenues are used.

For young people trying to start businesses, build careers, or simply navigate the economic realities of Nigeria today, these kinds of reforms matter. A more equitable tax system, where the wealthy contribute fairly, could lead to better-funded public services, more opportunities for education and employment, and an overall stronger economy that benefits everyone. But if we’re not engaged in these discussions, our priorities might be overlooked.

Why Young Nigerians Should Be Part of the Tax Conversation

The proposed tax increase for wealthy individuals earning N100 million monthly is part of a broader shift to ensure that the government has the resources to address pressing social and economic challenges. But who decides how these resources are allocated? Without the active involvement of younger Nigerians, decisions on how tax revenue is spent may not reflect the needs and aspirations of the youth.

We have the opportunity to advocate for how this new revenue should be used—whether it’s better education, more entrepreneurial opportunities, or job creation initiatives. By being part of the conversation, young people can ensure that policies are shaped with our future in mind. It’s not just about making the wealthy pay more; it’s about ensuring that the funds generated from such policies are used in ways that directly improve the lives of young Nigerians.

What Can You Do?

As a young Nigerian, you have the power to influence these policy discussions. Here’s how you can make a difference:

• Stay Informed: Understanding how tax policies like this impact your future is the first step. Keep up with policy changes and how they affect both the wealthy and the broader economy.

• Join the Conversation: Engage in discussions on social media, attend town hall meetings, and contribute your thoughts on how tax revenue should be spent. This is about your future, and your voice matters.

• Get Involved Politically: Whether it’s voting, joining political organizations, or advocating for youth-friendly policies, your involvement in politics ensures that decision-makers take your priorities into account.

Your voice matters. Your future is being decided right now—be part of the change.