The cost of registering a new vehicle in Nigeria has increased significantly in 2025, with fees now ranging from N115,000 to N140,000, depending on the state, registration centre, and intermediary agents involved.
This marks a notable rise from the N80,000 to N105,000 range recorded in 2024, reflecting broader inflationary pressures and adjustments in administrative charges across the nation’s automotive and transportation sectors.
Industry personnel and vehicle documentation agents who spoke with Nairametrics attributed the sharp cost increase to a combination of factors, including:
- New regulatory and statutory fees
- Higher production costs for number plates and vehicle documents
- Informal and local government levies
- Dependence on third-party registration intermediaries in some states
A senior staff member at Mutual Benefits Assurance, who confirmed the current pricing trend, noted that processing times remain relatively stable despite the cost spike.
“Registering a new car in Nigeria costs between N115,000 and N140,000 today, and it takes between three to five working days to be ready,” the official stated.
The rising cost adds to what has already been a challenging period for vehicle buyers, with car prices themselves having surged due to foreign exchange instability, import duty adjustments, and declining purchasing power.
Transport and mobility analysts say the upward trend may persist unless there is a stabilization in both administrative pricing and broader macroeconomic conditions.
Ranks Africa will continue to monitor the evolving cost structure within the automotive and transportation sectors nationwide.
