Licence and Plate Fee Hikes Add to Fuel-Fired Crisis
In a recent statement, the Federal Road Safety Corps (FRSC) announced a significant hike in licensing and registration fees, raising the cost of a 3-year driver’s licence by 50% and the 5-year option by 40%. The price of a fancy vehicle plate number has doubled, marking a 100% increase, while the cost of a standard plate number has risen by 60%.
This increase adds to the growing financial burden faced by car owners, who are already grappling with high fuel prices, inflation, and soaring vehicle maintenance costs.
The new licensing rate not only affects private vehicle owners but could also have broader implications for transportation costs, logistics services, and overall mobility across the country.
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