More problems for Nigerians as the Tinubu government raises the price of licenses and number plates

Amid the economic hardship in Nigeria, the Joint Tax Board (JTB) has announced revised rates for national driver’s licenses and vehicle number plates, set to take effect from November 1, 2024.....KINDLY READ THE FULL STORY HERE▶

Under the new pricing structure, Nigerians will now pay N15,000 for a three-year motor vehicle driver’s license, while a five-year license will cost N21,000.

Motorcycle and tricycle operators will also experience a price hike, with the three-year license now set at N7,000 and the five-year option at N11,000.

In addition to the driver’s license rate adjustments, the cost of vehicle number plates has seen a considerable increase.

Standard private and commercial vehicle number plates will now be priced at a minimum of N30,000. Fancy number plates, often used for personalized identification, will be sold at N400,000, while motorcycle number plates will cost N12,000.

Dealer motor vehicle number plates have been set at N100,000. Government vehicle number plates have also been affected by the revision.

The government fancy motor vehicle number plate will now cost N120,000, while the standard plate will be N80,000. For motorcycles, the government fancy number plate is priced at N50,000, and the standard number plate is at N20,000.

According to the JTB, the new rates will support the implementation of enhanced security features aimed at improving the identification processes for both drivers and vehicles across Nigeria.

Olusegun Adesokan, Secretary of the JTB, emphasized the importance of public awareness and education concerning these changes.

He said in a circular: “The secretariat has requested that the FRSC notify the JTB of its public engagement and sensitization plans.

“This is to enable relevant inputs where necessary, as we are confident that a very robust engagement arrangement will ensure the seamless implementation of the revised rates as approved by the board.”