The Joint Tax Board (JTB) has announced an upward review of rates for vehicle number plates and driver’s licenses, effective November 1, 2024.
Reason for Review
The JTB cited current economic realities and increased production costs, largely due to imported materials, as reasons for the review.
New Rates
Vehicle Number Plates:
– Standard Private/Commercial: ₦30,000
– Fancy Vehicle: ₦400,000
– Motorcycle: ₦12,000
– Articulated Vehicle: ₦90,000
– Dealer: ₦100,000
– Out of Series: ₦150,000
Driver’s License:
– 3-year Motor Vehicle License: ₦15,000
– 5-year Motor Vehicle License: ₦21,000
– 3-year Motorcycle/Tricycle License: ₦7,000
– 5-year Motorcycle/Tricycle License: ₦11,000
FRSC Reaction
The Federal Road Safety Corps (FRSC) supports the new rates, stating they will enhance seamless production and improve service delivery.
Public Notice
The FRSC urges the public to take note of the new rates and plan accordingly.
Key Points:
– New rates for vehicle number plates and driver’s licenses effective Nov 1
– JTB cites economic realities and increased production costs
– FRSC supports new rates for improved service delivery
– Public urged to take note and plan accordingly.
