FG Hikes Vehicle Number Plate, Driving Licence Rates By 50%

THE Federal Government has commenced the implementation of new
rates for vehicle number plates and driving licence across the
country.

According to the Joint Tax Board, Nigerians will now pay N18,750
for standard private and commercial number plates against the old
rate of N12,500.

Fancy number plate which was N80,000 is now N200,000; motorcycle
number plate is N5,000 from N3,000 while articulated number plates
(three plates) attract N30,000 from N20,000. For these rates, the
minimum increase is 50 per cent.

Out of series number plate has also been revised to N50,000 from
N40,000 while government fancy number plate is N20,000 against the
former N15,000 rate.

Driving licence (three years) was raised to N10,000 from N6,000,
excluding bank charges; licence for five years is N15,000 from
N10,000 while motorcycle/tricycle driving licence (three years)
goes for N5,000 from N3,000 while the one for five years attracts
N8,000 from N5,000.

The decision was taken at the 147th meeting of the JTB, which
held in Kaduna on March 25.

A letter by the JTB titled ‘Implementation of the revised rates
for vehicles number plates and driver’s licence in Nigeria’, dated
July 30, 2021 and signed by the board secretary, Obomeghfe
Nana-Aisha, directed various federal and state agencies to commence
the implementation of the rates.

Members of the JTB established by section 86 (1) of the Personal
Income Tax Act cap. P8 LFN 2004, include the Chairman of the
Federal Inland Revenue Service as the chairman of the board; one
member from each state and representatives of the Federal Road
Safety Commission; Revenue Mobilisation Allocation and Fiscal
Commission; Federal Capital Territory Administration; Federal
Ministry of Finance; and Federal Inland Revenue Service.

The letter read, “You may wish to recall that at the 147th
meeting of the Joint Tax Board held in Kaduna, Kaduna State on
March 25, 2021, the board approved revised rates for the sale of
vehicle number plates and driving licence in line with the
recommendations of Appraisal and Technical Committee of the
JTB.

“In the light of the foregoing, we wish to inform you that the
Chairman, JTB, has approved Thursday, August 1, 2021, as the
commencement date for the implementation of the new rates.”

Meanwhile, the FRSC Corps Public Education Officer, Bisi Kazeem,
has dismissed a report circulating on social media that the agency
was behind the hike, noting that the FRSC was not a revenue
generating agency.

He also described as incorrect the report that the standard
number plate was N55, 000.

THE Federal Government has commenced the implementation of new
rates for vehicle number plates and driving licence across the
country.

According to the Joint Tax Board, Nigerians will now pay N18,750
for standard private and commercial number plates against the old
rate of N12,500.

Fancy number plate which was N80,000 is now N200,000; motorcycle
number plate is N5,000 from N3,000 while articulated number plates
(three plates) attract N30,000 from N20,000. For these rates, the
minimum increase is 50 per cent.

Out of series number plate has also been revised to N50,000 from
N40,000 while government fancy number plate is N20,000 against the
former N15,000 rate.

Driving licence (three years) was raised to N10,000 from N6,000,
excluding bank charges; licence for five years is N15,000 from
N10,000 while motorcycle/tricycle driving licence (three years)
goes for N5,000 from N3,000 while the one for five years attracts
N8,000 from N5,000.

The decision was taken at the 147th meeting of the JTB, which
held in Kaduna on March 25.

A letter by the JTB titled ‘Implementation of the revised rates
for vehicles number plates and driver’s licence in Nigeria’, dated
July 30, 2021 and signed by the board secretary, Obomeghfe
Nana-Aisha, directed various federal and state agencies to commence
the implementation of the rates.

Members of the JTB established by section 86 (1) of the Personal
Income Tax Act cap. P8 LFN 2004, include the Chairman of the
Federal Inland Revenue Service as the chairman of the board; one
member from each state and representatives of the Federal Road
Safety Commission; Revenue Mobilisation Allocation and Fiscal
Commission; Federal Capital Territory Administration; Federal
Ministry of Finance; and Federal Inland Revenue Service.

The letter read, “You may wish to recall that at the 147th
meeting of the Joint Tax Board held in Kaduna, Kaduna State on
March 25, 2021, the board approved revised rates for the sale of
vehicle number plates and driving licence in line with the
recommendations of Appraisal and Technical Committee of the
JTB.

“In the light of the foregoing, we wish to inform you that the
Chairman, JTB, has approved Thursday, August 1, 2021, as the
commencement date for the implementation of the new rates.”

Meanwhile, the FRSC Corps Public Education Officer, Bisi Kazeem,
has dismissed a report circulating on social media that the agency
was behind the hike, noting that the FRSC was not a revenue
generating agency.

He also described as incorrect the report that the standard
number plate was N55, 000.