The Federal Government is set to make about N12 billion revenue a year from motorists, who will from this month pay N1, 000 each for Proof of Ownership Certificate (POC) verification fee on their vehicles. Recall that Lagos Ministry of Transportation Permanent Secretary, AbdulHafiz Toriola, while disclosed the tax generated in June, had said, “To this end, the Federal Government has introduced the issuance of annual Proof of Ownership Certificate for all registered vehicles”. He explained POC would help vehicle owners and the government ensure the integrity of vehicles registered…
Read MoreFG targets N12bn revenue yearly from new vehicle tax
