Nigerian Government Targets N12bn from New Vehicle Tax 

The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. <br />The Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, stated that this certificate would help vehicle owners and the government assure the integrity of all vehicles registered on the National Vehicle and Identification Scheme database and track car theft and recovery of stolen vehicles. <br />Toriola stated that the Proof of Ownership Certificate will serve as official documentation for a vehicle’s legal ownership. <br />He says the POC will contain vital information, including the vehicle’s registration details, such as license number plate, model, and year of manufacture in addition to the owner’s name and address.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>