The Cost of Number Plate, Vehicle Licensing, Change Of Ownership & Registration.

According to Motor Vehicle Administration Agency (MVAA), these are the rates of their products/services. Some of them include plate number acquisition, vehicle licensing, change of ownership & registration, etc.

This will give you a clear picture of how much you have to set aside to get your car plying Nigerian roads with no disturbances from the various authorities. This list will also save you from being extorted by touts.

A NUMBER PLATES

1. Standard Number Plate – N12,500
2. Number Plate Renewal – N10,000
3. Articulated Number Plate – N20,000
4. Out of Service – N40,000
5. Fancy Number Plate (Standard) – N80,000
6. Fancy Number Plate (Motor Cycle) – N30,000
7. Motorcycle Plate (Ordinary) – N3,000
8. Number Plate Replacement (Standard) – N10,000
9. Motor Dealer Plate (Special) – N30,000
10. Motor Dealers Plate (Ordinary) – N25,000

B. COST OF VEHICLE REGISTRATION

1 Weighing & Registration Fee
a. Motor Vehicle – N5,000
b. Motor Cycle – N1,250

C. CHANGE OF OWNERSHIP

a. Motor Vehicle – N2,500
b. Motor Cycle – N625

D. CAPITAL GAIN TAX

a. Motor Vehicle – N625
b. Motor Cycle – N625

E. OTHER CHARGES

a. Police CMR – N1,000
b. Police Inspection Fee – N500
c. Custom Processing Fee – N500

F. VEHICLE LICENSE

a. Vehicle Below 1.6cc – N1,250
b. Vehicle BTW 1.6-2.0cc – N1,875
c. Vehicle BTW 2.0-3.0cc – N2,500
d. Vehicle Above 3.0cc – N2,125
e. Motorcycle Private – N625
f. Motorcycle Commercial – N1,250

g. Buses
1. Mini Buses/Pick-Up – N2,500
2 Hiace Buses – N3,125
3 Costal Buses – N3,250
h. Tipper & Lorries – N3,750
i. Tankers & Trucks/Luxurious Buses – N6,250
j. 16 Tyres Trailer – N8,750
k. Tractors & Bulldozers – N2,500
l. Vehicle Alert – N200

G. HACKNEY PERMIT CHARGES
VEHICLE TYPE

1. Taxi Cab – N3,525
2. Car Hire Services – N3,725
3. Kabukabu – N3,925
4. Vehicle with Capacity to Carry 1-21 Passengers – N4,475
5. Vehicle with Capacity to Carry more than 21 Passengers
but less than 40 Passengers – N5,475
6. Vehicle with Capacity to Carry more than 40 Passengers
but less than 50 Passengers – N6,475
7. Vehicle with Capacity to Carry more than 50 Passengers
and above – N8,475
8. Commercial Vehicles for Goods Above 3 Tons – N3,725
9. Commercial Vehicles 3 Tons – N4,725
10. Tankers – N6,475
11. Tippers – N6,475
12. Trailers – N6,475
13. Trucks – N6,225
14. Interstate – N3,225
15. Staff Bus – N3,425
16. Okada – N2,000
17. Tricycles – N 2,000

H. DRIVERS LICENSE

a. New License – N6,350
b. Renewal – N6,350
c. Learners Permit – N50
d. Riders Card – N800

I. REGISTRATION OF MOTOR VEHICLE & SPARE PARTS DEALERS

a. Registration of Motor Vehicle Dealers – N100,000
b. Registration of Motor Vehicle Spare Parts Dealers – N50,000
c. Registration Form (Motor Vehicles) – N5,000

We hope you found this post on cost of Number Plate, Vehicle Licensing, Change Of Ownership & Registration interesting.