The Joint Tax Board (JTB) has announced a significant increase in the cost of obtaining national driver’s licences and vehicle number plates, with the new rates set to take effect on November 1, 2024. This hike comes under President Bola Tinubu’s administration, as part of efforts to improve the quality and security of these identification documents in line with international standards.
Under the revised pricing structure, Nigerians will now pay N15,000 for a three-year motor vehicle driver’s licence, up from previous rates, while a five-year licence will cost N21,000. Motorcycle and tricycle drivers will also experience a price increase, with a three-year licence set at N7,000 and a five-year licence at N11,000.
For vehicle number plates, the new rates have jumped to N30,000 for both standard private and commercial vehicle plates. Fancy number plates will now cost a steep N400,000, while motorcycle plates are priced at N12,000. Dealer vehicle number plates will be issued for N100,000.
Government-issued number plates are not exempt from the hike, with fancy vehicle plates now costing N120,000 and standard plates set at N80,000. Motorcycle number plates for government vehicles will range from N20,000 for standard to N50,000 for fancy options.
EXCLUSIVE: Real Reason NNPC Increased Petrol Price To N998 Per Litre
The JTB emphasized that these adjustments are aimed at introducing enhanced security features for better identification of drivers and vehicles across the country.
Olusegun Adesokan, Secretary of the JTB, stressed the importance of public awareness about the new rates. In a circular obtained by BusinessDay, he said, “The secretariat has requested the FRSC [Federal Road Safety Corps] to outline its public engagement and sensitization plans. A robust public campaign will ensure a smooth transition to the new rates.”
This sharp increase in fees has come under the Tinubu administration, adding to ongoing discussions about the rising cost of living in Nigeria.
For Latest news and Job Updates, Join our WhatsApp Channel
https://whatsapp.com/channel/0029Va9qtzXHwXbIyBGtjk2o
