The Joint Tax Board (JTB) has approved new rates for the issuance of national driver's licences and vehicle number plates, set to take effect from November 1, 2024.
The revised rates aim to enhance the quality and security features of these identification documents, in line with international standards.
Under the new pricing structure, Nigerians will now pay N15,000 for a three-year motor vehicle driver's licence, while a five-year licence will cost N21,000. Motorcycle and tricycle drivers will face an increase as well, with a three-year licence priced at N7,000 and a five-year licence at N11,000.
For vehicle number plates, the new rates start at N30,000 for both standard private and commercial vehicle plates. Fancy number plates will cost N400,000, while motorcycle plates are priced at N12,000. Dealer vehicle number plates will be issued for N100,000.
The JTB has also adjusted prices for government-issued number plates. Government fancy vehicle plates will now cost N120,000, and standard plates will be N80,000. Motorcycle number plates for government vehicles are set at N50,000 for fancy options and N20,000 for standard.
According to the JTB, these adjustments will introduce improved security features, aiding in the identification process for both drivers and vehicles across the country.
Olusegun Adesokan, Secretary of the JTB, emphasized the importance of public awareness and education 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 spearhead the public sensitisation campaign ahead of the November implementation.
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