The Federal Government has commenced the implementation of new rates for vehicle number plates and driving licences across the country.
A statement from the Joint Tax Board states that drivers license of three years duration would now go for N10,000 as against its previous price of N6,000. This excludes bank charges. Drivers licence for five years is now N15,000 from N10,000 while motorcycle/tricycle driving licence (three years) goes for N5,000 from N3,000 while the one for five years attracts N8,000 from N5,000.
Private and commercial number plates would now go for N18,750 as against the old rate of N12,500. Fancy number plate which was 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 per cent.
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.
The decision for the increment was taken at the 147th meeting of the JTB, which held in Kaduna on March 25.
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, has directed various federal and state agencies to commence the implementation of the rates.
The letter reads
“You may wish to recall that at the 147th meeting of the Joint Tax Board held in Kaduna, Kaduna State on March 25, 2021, the board approved revised rates for the sale of vehicle number plates and driving licence in line with the recommendations of Appraisal and Technical Committee of the JTB.
In the light of the foregoing, we wish to inform you that the Chairman, JTB, has approved Thursday, August 1, 2021, as the commencement date for the implementation of the new rates.”