The Joint Tax Board has announced the implementation of over 50% raise on the rates for vehicle number plates and driving licences across the country.
Nigerians will now pay N18,750 for standard private and commercial number plates against the old rate of N12,500.
Fancy number plate previously N80,000 is now N200,000; motorcycle number plate is N5,000 from N3,000 while articulated number plates (three plates) attract N30,000 from N20,000. For these rates, the minimum increase is 50 percent.
Out of series number plate has also been revised to N50,000 from N40,000 while government fancy number plate is N20,000 against the former N15,000 rate.
Driving licence (three years) was raised to N10,000 from N6,000, excluding bank charges; licence for five years raised to N15,000 from N10,000 while motorcycle/tricycle driving licence (three years) would now go for N5,000 from N3,000. five years permit attracts N8,000 from N5,000.
A letter by the JTB titled ‘Implementation of the revised rates for vehicles number plates and driver’s licence in Nigeria’, dated July 30, 2021, and signed by the board secretary, Obomeghfe Nana-Aisha, directed various federal and state agencies to commence the implementation of the rates.