Amid Nigeria’s economic challenges, the Joint Tax Board (JTB) under Tinubu government has announced revised fees for national driver’s licenses and vehicle number plates, which will take effect from November 1, 2024.
Under the new rates, Nigerians will pay N15,000 for a three-year motor vehicle driver’s license, while a five-year license will cost N21,000.
Motorcycle and tricycle operators will also face increased fees, with the three-year license now costing N7,000 and the five-year license priced at N11,000.
In addition to the changes in driver’s license fees, the cost of vehicle number plates has significantly risen.
Standard private and commercial vehicle numbers will now start at N30,000. Personalized “fancy” number plates will be sold for N400,000, while motorcycle number plates will cost N12,000.
Dealer motor vehicle number plates are now priced at N100,000. Government vehicle number plates are also affected by the new rates.
The fancy government vehicle number plates will cost N120,000, while the standard plate will be N80,000. For motorcycles, the fancy government number plate is priced at N50,000, and the standard plate at N20,000.
According to the JTB, these new rates will help support the introduction of advanced security features designed to improve the identification processes for both drivers and vehicles in Nigeria.
Olusegun Adesokan, Secretary of the JTB, highlighted the need for public awareness and education about these changes.
He said in a circular: “The secretariat has requested that the FRSC notify the JTB of its public engagement and sensitization plans.
“This is to enable relevant inputs where necessary, as we are confident that a very robust engagement arrangement will ensure the seamless implementation of the revised rates as approved by the board.” #Tinubu
Follow Parallel Facts on WhatsApp Channel: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
