In a move aimed at boosting more revenue for the transportation sector, the Joint Tax Board (JTB) has approved new rates for the issuance of national driver’s licenses and vehicle number plates, effective from November 1.
VERACITY DESK (veracitydesk.com) learnt yesterday that the board had recently announced the adjustment as part of efforts to enhance the quality and security features of these identification items, aligning with international best practices.
By implication, according to the newly revised rates, Nigerians would now pay N15,000 for a three-year motor vehicle driver’s license and N21,000 for a five-year license.
Similarly, motorcycle and tricycle drivers will also face a price hike, with the three year license now costing N7,000 and the five-year option N11,000.
Under the revised rates, however, Nigerians will now be required to pay a minimum of N30,000 for both standard private and commercial vehicle number plates.
It was also gathered that fancy number plates would now be priced at N400,000, while motorcycle number plates will cost N12,000. The cost of a dealer motor vehicle number plate has also been set at N100,000.
Additionally, the government fancy motor vehicle number plate has been adjusted to N120,000, while the government standard number plate will now cost N80,000.
The price for a government fancy motorcycle number plate has been revised to N50,000, and government standard motorcycle number plates will now be N20,000.
