Connect with us

    Hi, what are you looking for?

    News

    FG introduces proof of ownership fee for all categories of vehicles

    Tinubu

    Federal Government has introduced a policy where all vehicles are expected to obtain a Proof of Ownership Certificate (POC).

    Unveiling the new policy at the Bagauda Kaltho Press Centre, Alausa, Lagos, the Permanent Secretary, Ministry of Transportation, Engr AbdulHafiz Toriola, said the certificate which will come into force in Lagos state in July and that it would be part of requirements to be renewed annually.

    Prior to this new policy, Nigerians only obtain Proof of Ownership when they purchase a used vehicle or change the engine of your vehicle.

    Speaking about the new policy, Toriola explained that the POC policy would affect all classes of vehicles from motorcycle, to tricycle, to mini vehicles, saloon cars, all classes of trucks, articulated vehicles and such likes that coveys people or products from one point to the other.

    Toriola said the certificates will contain vital information including the vehicle’s registration details, such as, licence number plate, model, year of manufacture in addition to owner’s name and address.

    ​According to him, all States of the Federation are expected to begin the implementation of the new policy, and each vehicle owner is expected to pay a minimum of N1,000 to procure the document.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Nigeria’s data privacy ecosystem has generated an estimated ₦16.2 billion in less than two years, according to the National Commissioner of the Nigeria Data...

    News

    David Adeoye Abodunrin, Africa’s foremost AI transformations coach and internationally recognised futurist, has declared that the continent’s immense potential can only be unlocked when...

    Tech

    As Nigeria faces rising youth unemployment and increasing scrutiny of informal business models, trust has become the defining currency of entrepreneurship. Against this backdrop,...

    News

    Moniepoint Inc., Nigeria’s definitive platform for small businesses and Africa’s all-in-one financial ecosystem, today released its 2025 Year in Review, marking a decade of...