AKINWALE ABOLUWADE
Effective Sunday, June 8, 2025, vehicle owners and drivers will begin to pay new prices for number plates and licenses.
This follows a review done by the Federal Government through the Joint Tax Board citing the current production costs and updates to security features on the items.
The board is quoted to have said that the production process for both number plates and driver’s licences has become more expensive due to added security features.
It said, “These features are meant to improve safety and prevent fraud, but they have also raised the cost of making these items.
“As a result, both motorists and government agencies will now pay more for new and renewed documents.”
Henceforth, a three-year driver’s licence now cost N15,000, while the five-year licence will cost N21,000.
Tricycle drivers will pay N7,000 for a three-year licence and N11,000 for five years.
Standard number plates for private and commercial vehicles now cost N30,000, while government vehicles are to pay N80,000.
Private vehicles with customised plates will pay N400,000, while government vehicles will pay N120,000.
Other categories include N90,000 for articulated vehicles, N100,000 for dealer vehicles, and N150,000 for plates used outside the regular season.
Motorcycles now attract N12,000 for a standard plate, while fancy motorcycle plates go for N50,000.
Government motorcycles will pay N20,000 for standard plates and N50,000 for fancy ones.
All licensing offices and relevant agencies have been directed to start using the new rates.
