Starting from June 8, a new price structure for driver’s licences and number plates will become effective in Nigeria.

The Joint Tax Board which is the apex tax coordination agency in Nigeria, had in May, said the adjustment in the price structure was necessary because of the enhanced security features added to the number plates and driver’s licence. It also said the increase in the cost of production made the adjustment necessary.

Below are the details of the adjustment.

Driver’s License Fees

– Motor Vehicle Driver’s Licence:

– 3-year licence: N15,000

– 5-year licence: N21,000

– Tricycle Driver’s Licence:

– 3-year licence: N7,000

– 5-year licence: N11,000

Nigeria: Nigerian fashion

Number Plate Fees

– Standard Number Plates:

– Private and commercial vehicles: N30,000

– Government vehicles: N80,000

– Fancy Number Plates:

– Private vehicles: N400,000

– Government vehicles: N120,000

– Other Number Plates:

– Articulated vehicle: N90,000

– Dealer vehicle: N100,000

– Out of season: N150,000

– Motorcycle: N12,000

– Fancy motorcycle: N50,000

– Government standard motorcycle: N20,000

– Government fancy motorcycle: N50,000

The JTB has directed relevant government agencies and motor vehicle licensing authorities to implement the new rates. This price adjustment is not unprecedented, as similar changes were made in 2021 to reflect rising production costs and improved security features.