Nigeria has diverse opportunities for land investments, depending on the purpose and location. The best places to a buy land depends on whether you’re purchasing for residential, commercial, or agricultural purposes. Major cities like Lagos, Abuja, Enugu, Anambra, Abia and Port Harcourt are ideal for those looking for residential or commercial land, while areas like Ogun State,Ebonyi, Oyo State, and Kano are excellent for farmland.
Here are some of the top states in Nigeria to buy land:
1. Lagos State:
– Lagos is one of the most sought-after locations for real estate in Nigeria. Areas like Lekki, Ajah, Ikeja, and Ikorodu are growing rapidly, and they offer good returns on investment, if you want expensive and quality you can buy in Victoria Island, Banana Island or the new Ecko Atlantic city, but lands in this areas are limited, you will have to buy a complete building if you really want to enjoy this locations.
– Price Range: N5 million to N1 Billion per plot depending on the area.
2. Abuja (FCT):
– As the capital city, Abuja is another prime location for buying land. Areas like Asokoro, Maitama, Jabi, and Lugbe are popular for both residential and commercial properties. Price Range: N200 million to N1 billion per plot depending on the area. Lands far from the city center like Nyanya/Maraba axis goes as low as N2 Million.Places like Kauru, Jabi that are closer to FCT around N10 million and more.
3. Ogun State:
– For those interested in more affordable land near Lagos, Ogun State is a good option. Areas like Mowe, Ibafo, and Abeokuta are growing rapidly and have lower land costs.
– Price Range: N500,000 to N10 million per plot.
4. Oyo State:
– Oyo State, especially around Ibadan, offers cheaper land for both residential and farming purposes. The city of Ibadan is developing fast.
– Price Range: N500,000 to N8 million per plot.
5. Kano State:
– For those interested in agricultural land, Kano is a great option. It is known for large-scale farming activities, especially in areas like Kura, Gezawa, and Bebeji.
– Price Range: N200,000 to N2 million per plot.
6. Enugu state:
Lands in the South East of Nigeria are usually expensive when compared to the Western or Northern part of the country, especially areas like Enugu city, and GRA are expensive when compared to the University city of Nsukka.
– Price Range: N2 million to N500 million per plot.
Price of 1 Acre of Land in Nigeria
The price of 1 acre of land in Nigeria varies depending on the location and the purpose of the land. Generally, one acre of land is equal to 6 plots, which is about 4,046 square meters.
1. In Lagos State:
– Ikoyi/VI/ Lekki: N800 million to N10 billion per acre.
– Ajah/Badagry/Epe: N20 million to N300 million per acre.
2. In Abuja:
– Asokoro/Maitama: N3 billion to N25 billion per acre.
– Lugbe/Gwarimpa: N30 million to N100 million per acre.
3. In Ogun State:
– Ibafo/Mowe: N13 million to N500 million per acre.
– Abeokuta: N10million to N500 million per acre.
4. In Oyo State:
– Ibadan (New development areas): N20 million to N200 million per acre.
– Farmland in Oyo State: N500,000 to N10 million per acre.
5. In Kano State:
– Farmland: N800,000 to N150 million per acre.
6. Enugu State:
Enugu city – N10 Million to N500 Million
Nsukka – N5 million to N10 Million.
Where to Buy cheap Farm Lands in Nigeria (States)
If you are looking to buy farmland in Nigeria, several states are popular for agriculture due to fertile land and favorable climate conditions.
1. Ogun State:
– Areas like Sagamu, Abeokuta, and Ijebu Ode are known for their fertile land. Farming activities like cassava, yam, and cocoa are common.
– Price: N800,000 to N20 million per acre.
2. Oyo State:
– Oyo is a good choice for farmland, especially around Ibadan, Ogbomosho, and Iseyin. The land is suitable for crops like maize, cocoa, and cashew.
– Price: N700,000 to N20 million per acre.
3. Kano State:
– Kano is known for large-scale farming. Crops like rice, groundnuts, and tomatoes are commonly grown. Areas like Kura and Gezawa are ideal for agriculture.
– Price: N400,000 to N10 million per acre.
4. Kaduna State:
– Kaduna offers vast agricultural land for both crop farming and animal rearing. Areas like Zaria and Saminaka are popular.
– Price: N350,000 to N10 million per acre.
5. Benue State:
– Nicknamed as the “Food Basket of the Nation,” Benue has very fertile land, perfect for crops like yam, cassava, and grains. Areas like Makurdi and Gboko are popular for farming.
– Price: N500,000 to N18 million per acre.
Prices of Farm Land in Nigeria (per plot)
The prices of farmland in Nigeria depend on the location and proximity to urban centers. Here’s a general guide:
– Ogun State (Mowe/Ibafo): N500,000 – N2 million per acre.
– Oyo State (Ibadan, Iseyin): N300,000 – N2 million per acre.
– Benue State (Makurdi, Gboko): N200,000 – N1 million per acre.
– Kano State (Kura, Gezawa): N400,000 – N1.5 million per acre.
– Kaduna State (Zaria, Saminaka): N350,000 – N2 million per acre.
How Much Is Half a Plot of Land in Nigeria?
A full plot of land in Nigeria is typically around 600 square meters. Half a plot, therefore, is about 300 square meters. The cost of half a plot of land varies greatly depending on the location.
1. Lagos State:
– Lekki: N5 million to N20 million for half a plot.
– Ajah: N2 million to N15 million for half a plot.
2. Abuja (FCT):
– Gwarimpa/Lugbe: N3 million to N10 million for half a plot.
– Maitama/Asokoro: N50 million to N300 million for half a plot.
3. Ogun State (Mowe/Ibafo): N500,000 to N3 million for half a plot.
4. Oyo State (Ibadan): N400,000 to N5 million for half a plot.
5. Kano State (Farmland): N200,000 to N1 million for half a plot.
6. Enugu:N1 Million to N10 Million for half plot
How much is 1 Plot of Land in Nigeria?
A standard plot of land in Nigeria measures around 600 square meters. The cost of a plot of land varies widely based on the location, development in the area, and proximity to major cities.
1. Lagos State:
– Ikoyi/VI/Lekki: N50 million to N500 million per plot.
– Ajah/Badagry: N3 million to N40 million per plot.
– Epe: N500,000 to N5 million per plot.
2. Abuja (FCT):
– Maitama/Asokoro: N200 million to N1 billion per plot.
– Lugbe/Gwarimpa: N5 million to N50 million per plot.
3. Ogun State (Abeokuta/Mowe): N1 million to N10 million per plot.
4. Oyo State (Ibadan): N500,000 to N10 million per plot.
5. Kano State (Farmland): N400,000 to N2 million per plot.
When you buy a land in the country the best thing you should do immediately is to secure it, either by starting your building project immediately or you fence or register it in the ministry of lands, to avoid it being resold, and yes such things happens often in Nigeria.
Whether you are looking to buy residential, commercial, or agricultural land, Nigeria offers a wide range of options at different price points. The prices of land vary greatly depending on the location, size, and purpose. For residential land, major cities like Lagos and Abuja offer prime areas at higher costs, while for farmlands, states like Oyo, Kano, and Benue provide more affordable options.