BREAKING NEWS : President Tinubu government imposes N1000 annual fee on all car owners in Nigeria
A new proposal by the Federal Government, led by President Bola Ahmed Tinubu, mandates that all drivers pay an annual charge of N1,000 for the verification of their Proof of Ownership Certificates (POC).
On Tuesday, June 27, 2023, in Ikeja, the Permanent Secretary of the Lagos Ministry of Transportation, Engr. Abdulhafiz Toriola, announced the initiative’s execution.
He claims that the action will enhance and streamline the verification of car ownership, and he also says that the Lagos State government will start collecting this tax as of July 2023.
He continued by saying that this complies with the mandate set forth in Section 73-(1) of the National Road Traffic Regulation 2012, as modified, No. 101, Vol. 99, which specifies that “There shall be Proof of Ownership Certificate for all registered Vehicles.” The creation and upkeep of a Central Database for Vehicles and Drivers within the federation are also required by Section 73-(1-6).
The decision, Toriola emphasized, intends to follow the current status of all vehicles registered on the National Vehicle and Identification Scheme (NVIS) database and to safeguard the integrity of those vehicles.
“To this end, the Federal Government has introduced the issuance of annual Proof of Ownership Certificate for all registered vehicles.
“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 9th May 2023 adopted and made a resolution that proof of ownership certificate (PoC) be issued to motorists on an annual basis nationwide,” he said.