FG ANNOUNCES NEW RATES FOR VEHICLE NUMBER PLATES AND DRIVER’S LICENCE; TAKES EFFECT FROM NOVEMBER 1, 2024

FG ANNOUNCES NEW RATES FOR VEHICLE NUMBER PLATES AND DRIVER’S LICENCE; TAKES EFFECT FROM NOVEMBER 1, 2024

The Joint Tax Board has approved an upward review of the rates of the National Drivers License and Vehicle Number Plates to enhance the seamless production process and improve quality service to the motoring public. The resolution was reached at the end of the 155th Joint Tax Board (JTB) Appraisal and Technical Committee Meeting held on September 10, 2024.

The reviewed rates were necessitated by the current economic realities that has affected the overall cost of production.

You would recall that most of the materials used in the production of both number plates and drivers licence are sourced outside the shores of the country, and the prices of those materials have risen astronomically since the last review conducted by the JTB in 2021 when the exchange rate was 411.63 naira to 1 dollar.

The new prices as approved by the resolution of JTB are as follows;
-Standard Private number plates ₦30,000
-Standard Commercial number plates ₦30,000
-Fancy Vehicle number plates ₦400,000
-Motorcycle number plates ₦12,000
-Articulated vehicle number plates N90,000
-Dealer number plates ₦100,000
-Out of Series number plates ₦150,000
-Government Fancy Motor Vehicle number plates ₦120,000
-Government Standard Motor Vehicle number plates ₦80,000
-Government Fancy Motorcycle number plates ₦50,000 as well as
-Government Standard Motorcycle number plates ₦20,000.

In the same vein, the revised rates for the National Drivers Licence are as follows;

• Motor Vehicle Driver’s License (3 years): ₦15,000
• Motor Vehicle Driver’s License (5 years): ₦21,000
• Motorcycle/Tricycle Driver’s License (3 years): ₦7,000
• Motorcycle/Tricycle Driver’s License (5 years): ₦11,000.

The Federal Road Safety Corps wishes to inform the general public that it is equally important to note that the cost as stated earlier, will enhance a seamless production process and also improve service delivery to the public.

The new tariffs take effect from 1st November, 2024.