Vehicle Registration Rates

RATES FOR REGISTRATION OF VEHICLE NUMBER PLATES AND DRIVER LICENCE

Vehicle registration is in three categories and the rate varies, depending on engine capacity:

• Motor Cycles/ Tricycles
• Cars and Buses
• Trucks

ITEM	RATES (RANGES AS PAR AVAILABLE ENGINE CAPACITIES) WITHOUT 3RD PARTY INSURANCE RATES	RATES (RANGES AS PAR AVAILABLE ENGINE CAPACITIES) WITH NEW 3RD PARTY  INSURANCE RATES
Private vehicle	Between N32,750.00 and N 34,750.00	Between N 42,750.00 and  N 44,375.00
Commercial Vehicles/Truck	Between N33,800.00 and  N 49,050.00	Between N 43,800.00 and N 149,050.00
Fancy plates	Between N 214,625.00 and N 215,875.00	Between N 224,625.00 and N 225,875.00
Out of series	Between N 64,625.00 and N 68,125.00	Between N74,625.00 and N78,125.00
Dealership (Fancy)	N 140,200.00	N/A
Dealership (Regular)	N 120,200.00	N/A
Special Number Plate	N 55,000.00	N 60,000.00
Number Plate Reprint	N 18,750.00	N/A
Tricycle	N 14,550.00	N 17,050.00
Commercial Motorcycle	N 13,150,00	N 15,150.00
Private Motorcycle	N 11,925.00	N 14,925.00

NOTE: Above rates for New Vehicle registration of number plates exclude stamp duties of N1, 000.00 and the annual Personal Income Tax (PIT) for registration of Dealership number plate.

RENEWAL OF VEHICLE NUMBER PLATES

ITEM	RATES (RANGES AS PAR AVAILABLE ENGINE CAPACITIES) WITHOUT INSURANCE	RATES (RANGES AS PAR AVAILABLE ENGINE CAPACITIES) WITH NEW INSURANCE RATE
Private Vehicle	Between N 4,525.00 and N 6,260.00	Between N12,025.00 and N13,650.00
Commercial vehicles/Truck	Between N 7,565.00 and N 16,700	Between N 15,065.00 and N 116,700.00
Private Motorcycle	N 1,575.00	N 3,575.00
Commercial Motorcycle	N 2,800.00	N 4,300.00
Tricycle	N 3,200.00	N 5,700.00
Dealership	N 12,700.00	N/A
Hackney Permit (For Commercial Vehicle)	Motorcycle          N 600.00 Tricycle             N 1,000.00 Motor Vehicle   N 1,300.00 Pick up & Bus   N 2,240.00 Truck                N 3,800.00	N/A N/A N/A N/A N/A

NOTE: Above rates for Dealership renewal excludes the annual Personal Income Tax (PIT)

DRIVER LICENCE (MOTOR VEHICLE)

New Registration    (3 years)   N10, 000.00

Renewal                 (3 years)   N10, 000.00

New Registration   (5 years)   N15, 000.00

Renewal                 (5 years)   N15, 000.00

DRIVER LICENCE (MOTORCYCLE AND TRICYCLE)

New Registration   (5 years)   N8, 000.00

Renewal                 (3 years)   N5, 000.00

NOTE: Above rates for new registration of driver’s license exclude; driving school certificate, processing fee and other VIO charges.

NEW RATE FOR STACO INSURANCE 2023
ITEM	NEW REGISTRATION	RENEWAL	CHANGE OF OWNERSHIP	REVALIDATION
CAR	N 10,000	N 7,500	N 7,500	N 7,500
TRUCK/TRACTOR	N 100,000	N 100,000	N 100,000	N 100,000
MOTORCYCLE	N 2,000	N 1,500	N 1,500	N 1,500
TRICYCLE	N 3,500	N 2,500	N 2,500	N 2,500

Signed

Management

30/09/2023