President Bola Tinubu’s administration through the Joint Tax Board (JTB), has approved new rates for the issuance of national driver’s licences and vehicle number plates, effective from 1st November 2024.
The board recently announced the adjustment as part of efforts to enhance the quality and security features of these identification items, in line with international best practices.
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.
However, Olusegun Adesokan, the secretary of JTB, in a circular stated that the approval for the increased rates was subject to the ability of the Federal Road Safety Corps to adequately educate and sensitise the public about the increment.
According to Adesokan, “the secretariat has requested that the FRSC notify the JTB of its public engagement and sensitisation 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.”