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HomeMetro NewsNigeria introduces new annual fee for vehicle owners from July

Nigeria introduces new annual fee for vehicle owners from July

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All vehicle owners in Nigeria are expected to pay a new annual fee for a Proof of Ownership certificate (PoC) beginning in July, according to the Lagos State Ministry of Transportation.

The new annual fee, which is in addition to licensing and vehicle documentation fees is pegged at N1,000 to be paid by vehicle owners for verification of Proof of Ownership Certificate (POC).

According to the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola in Lagos on Tuesday, June 27, 2023, the certificate will help vehicle owners and the government to guarantee the integrity of all vehicles registered on the National Vehicle and Identification Scheme (NVIS) database and track car theft and recovery of stolen vehicles.

He said other benefits of the verification, included that the states motor vehicle documents could easily be verified regardless of the issuing state; safety and security of vehicles and their owners, enhancement of National Vehicle database for national security and for planning and economic development.

Toriola said Lagos State will commence the collection of the fee for POC from motorists beginning from July 2023.

He said the “annual Proof of Ownership Certificate (POC)” is in line with compliance with legal requirements fundamental to transparency, security and accountability within transportation network.

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“To this end, the Federal Government has introduced the issuance of annual Proof of Ownership Certificate for all registered vehicles,” Toriola said.

“This certificate will serve as official documentation of a vehicle’s legal owners upon successful completion of the necessary requirements and procedures.”

“The POC will contain vital information including the vehicle’s registration details, such as license number plate, model, year of manufacture in addition to owner’s name and address.

“Having critically reviewed the challenges encountered in ensuring promotion of Safety and Security of lives and property through the issuance of POC nationally and especially in our Dear State, the Joint Tax Board in its communiqué issued at the end of the emergency meeting held on May 9, 2023 adopted and made a resolution that proof of ownership certificate (PoC) be issued to motorists on an annual basis nationwide.”

He said the initiative was in accordance with the National Road Traffic Regulation 2012 as amended, No. 101, Vol. 99; Section 73-(1) which states that “There shall be Proof of Ownership Certificate for all registered Vehicles.”

Section 73-(1-6) also added that ‘The commission shall establish and maintain a Central Data Base for Vehicles and drivers for the federation.’

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138

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