The Joint Tax Board (JTB) has approved new rates for national driver’s licences and vehicle number plates, which will take effect on November 1, 2024.
These revised rates are designed to improve the quality and security features of these identification documents in line with international standards. Under the new pricing structure, Nigerians will pay N15,000 for a three-year motor vehicle driver’s licence, while a five-year licence will be priced at N21,000. Motorcycle and tricycle drivers will see an increase as well, with a three-year licence costing N7,000 and a five-year licence at N11,000.
For vehicle number plates, the new rates begin at N30,000 for both standard private and commercial vehicle plates. Fancy number plates will be available for N400,000, while motorcycle plates will cost N12,000. Dealer vehicle number plates will be issued for N100,000.
Additionally, the JTB has revised prices for government-issued number plates. Government fancy vehicle plates will now cost N120,000, while standard plates will be N80,000. Motorcycle number plates for government vehicles will be set at N50,000 for fancy options and N20,000 for standard....Read Full Article [Click Here>]
The JTB noted that these changes will introduce enhanced security features to aid in identifying drivers and vehicles nationwide.
Olusegun Adesokan, Secretary of the JTB, highlighted the need for public awareness regarding the new rates. In a circular obtained by BusinessDay, Adesokan stated, “The secretariat has requested that the FRSC [Federal Road Safety Corps] notify the JTB of its public engagement and sensitisation plans. We believe that a robust engagement will ensure a seamless implementation of the revised rates.”
The FRSC is expected to lead the public sensitisation campaign in preparation for the November rollout.
