The Lagos state government has released a new price list for procurement of vehicle number plates in the state.
Lagosian will now pay between ₦37,825 and ₦210,175 for private and commercial vehicle number plates depending on the type, the government of Babajide Sanwo-Olu has said.
This was said in a statement on Tuesday posted on the official Facebook page of the Lagos State Government.
This development comes following an upward review of number plates and drivers license fees by the Joint Tax Board.
In the newly approved rates, the standard private and commercial number is N18,750 against the old rate of N12,500, motorcycle number is N5,000 from N3,000 and fancy number plate is now N200,000 from N80,000.
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.
The new price regime was a sequel to the implementation of new rates for vehicle number plates and driving license across the country.
The statement read, “It has come to the notice of the Lagos State Government that after the upward review of Number Plates and Drivers License fees by the Joint Tax Board, false and exorbitant Number Plates prices have gone viral on social media, causing confusion and misinterpretation.
“For the avoidance of doubt, therefore, the approved prices inclusive of other charges are listed as follows:…..
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