The Federal Government has increased the cost of driver’s licences and number plates across Nigeria, with the new rates set to begin on June 8.
The Joint Tax Board, which oversees tax matters in the country, introduced the new prices after a review of current production costs and updates to security features.
According to the board, the production process for both number plates and driver’s licences has become more expensive due to added security features.
These features are meant to improve safety and prevent fraud, but they have also raised the cost of making these items.
As a result, both motorists and government agencies will now pay more for new and renewed documents.
Under the new pricing, a 3-year driver’s licence now costs N15,000, while the 5-year version is N21,000.
Tricycle drivers will pay N7,000 for a 3-year licence and N11,000 for five years.
Standard number plates for private and commercial vehicles now cost N30,000, while government vehicles are expected to pay N80,000 for the same.
The cost for fancy number plates is even higher.
Private vehicles with customised plates will pay N400,000, and government vehicles will be charged N120,000.
Other categories include N90,000 for articulated vehicles, N100,000 for dealer vehicles, and N150,000 for plates used outside the regular season.
Motorcycles now attract N12,000 for a standard plate, while fancy motorcycle plates go for N50,000.
Government motorcycles will pay N20,000 for standard plates and N50,000 for fancy ones.
All motor vehicle licensing offices and relevant agencies have been directed to begin using the new rates.
