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Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government has commenced the pilot phase of the National Vehicle Registry project.
According to her, the stakeholder relationships that will facilitate the achievement of the goals of the registry include Federal Road Safety Corps and State Revenue Systems’ integration with VREG. “The integration of the National Insurance Commission onto VREG for aggregation and regularisation of vehicle insurance across the country.
She said that a recent study revealed that between October 2018 and September 2019, Nigeria recorded over N1.8 trillion value of used vehicle importation. According to her, the project will serve as a single source of validation at the point of vehicle registration while capturing and storing all vehicular information over the life cycle of every vehicle for the purpose of effective motor vehicle registration.
“VREG portal would improve road user safety, enhance vehicle road worthiness and improve traffic regulation enforcement.
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