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The proceeds of the recently introduced annual fee of N1,000 to be paid by motorists in the country for Proof of Ownership Certificate verification, is to be shared between the Federal Road Safety Corps the states and consultants engaged for the exercise, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, has said.
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.
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. Last week, 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.
A tax expert has described FG's plan to charge private and commercial motorists the sum of N1,000 for proof of ownership certificate annually as retrogressive.
The Federal Government of Nigeria has introduced a fee of N1,000 to be paid by all motorists annually for Proof of Ownership Certificate (POC) verification.