Price of 1 acre of land in Nigeria: Complete Price Guide & Best Locations (2025)

Are you looking for the current price of 1 acre of land in Nigeria? Whether you are an investor scouting for high-yield real estate in Lagos or a farmer looking for affordable hectares in the North, pricing varies significantly by location and title.

This guide breaks down the cost of an acre across Nigeria’s top investment zones.

Need an accurate valuation or legal verification before you buy? Don’t risk your capital. Contact Lexshield Properties today for expert due diligence and consultation.

What is “1 Acre” in Nigeria?

Before looking at prices, you must understand the measurement to avoid being shortchanged.

• 1 Acre = Approximately 4,046 Square Meters.

• In Plots: Standardly, 1 Acre = 6 Plots (measuring 60ft x 120ft or 600sqm each).

  • Note: In some high-density areas of Lagos, developers use smaller plot sizes (300sqm or 450sqm), meaning an acre could technically yield 8 to 10 of these “smaller” plots.

Average Price of 1 Acre by Region

Prices are estimates based on Q1 2026 market trends.

Region	Location Type	Est. Price Per Acre	Best Use
Lagos (Prime)	Lekki Ph 1, Ikoyi	₦1.5 Billion+	Luxury Residential
Lagos (Emerging)	Epe, Ibeju-Lekki	₦15 Million – ₦80 Million	Land Banking/Industrial
Ogun State	Mowe, Ofada, Abeokuta	₦6 Million – ₦30 Million	Residential/Commute
Ogun (Rural)	Imeko, Ijebu North	₦800,000 – ₦2.5 Million	Agriculture
Abuja (Outskirts)	Kuje, Gwagwalada	₦25 Million – ₦60 Million	Mix-Use Development
Oyo State	Iseyin, Ogbomosho	₦250,000 – ₦1 Million	Large Scale Farming
Northern States	Kebbi, Niger, Nasarawa	₦150,000 – ₦600,000	Farming/Grazing

Price of 1 Acre of Land in Lagos

Lagos is the most expensive market, but it offers two distinct price tiers.

The New Lagos (Epe & Ibeju-Lekki)

This is where smart investors are buying acres for Land Banking.

• Epe: The price of 1 acre in Epe currently ranges between ₦12,000,000 and ₦45,000,000 depending on proximity to the Alaro City hub and road accessibility.
• Ibeju-Lekki: Closer to the Deep Sea Port, prices are higher. Expect to pay ₦30,000,000 to ₦100,000,000+ per acre for land with a Gazette or C of O.

Price of 1 Acre of Land in Ogun State

Ogun is the industrial capital and offers the best balance of affordability and proximity to Lagos.

• Industrial/Residential Zones (Mowe, Magboro, Otta): High demand due to people working in Lagos. An acre here costs ₦20,000,000 – ₦60,000,000.

• Agricultural Zones (Kobape, Imeko): If you are looking for farmland, Ogun is a prime choice. You can get 1 acre of farmland for as low as ₦800,000 to ₦2,500,000 depending on soil type and dryness.

Where is the Cheapest Land in Nigeria?

If you require vast land for agriculture (Palm oil, Cassava, Rice), look towards Oyo State and the Northern Belt.

• Kebbi & Niger State: Known for rice and huge arable expanse. You can find land for ₦100,000 – ₦300,000 per acre.

• Oyo State (Iseyin/Saki): A favorite for investors in the South-West. Farmland acres sell for ₦250,000 – ₦600,000.

• Benue State: The food basket of the nation. Fertile land is available from ₦300,000 per acre.

Critical Warning: The “Title” Affects the Price

A cheap acre with a bad title is expensive in the long run. The price of land is heavily dictated by its documentation:

1. Freehold/Registered Survey: Cheaper, but requires you to process the C of O later.

2. Certificate of Occupancy (C of O): Costs 30-50% more than land without it, but guarantees secure ownership.

3. Excision/Gazette: Safe to buy in emerging areas like Ibeju-Lekki.

Tip: Never pay for an acre of land without conducting a “Chart Search” at the surveyor general’s office.

Planning to invest in Lagos? Get expert guidance from Lexshield Properties to identify the best value areas and avoid overpriced locations.

Ready to Invest?

 

Navigating land prices in Nigeria can be tricky with touts and fluctuating rates. Whether you need 1 acre in Epe or 100 hectares in Oyo, you need a partner who understands the legal terrain.

Contact Lexshield Properties Today

• Get verified land listings.

• Expert legal due diligence.

• Avoid costly mistakes.

Finding land in Nigeria requires careful research, proper documentation, and expert guidance. Whether you’re looking at expensive Lagos properties or affordable options in northern states, understanding market dynamics and legal requirements is crucial for successful investment.

From the cheapest land in Kebbi State to premium plots in Lagos, Nigeria offers opportunities for every budget and investment goal. The key is making informed decisions with proper professional support.

Ready to start your land investment journey? Contact Lexshield Properties today for expert guidance, legal support, and personalized investment advice. Don’t navigate Nigeria’s complex land market alone – let our professionals help you make the right choice for your investment goals.

Take the first step towards smart land investment. Contact Lexshield Properties or call our experts today for your free consultation.

Your Might Also be interested to know the answer to this: Is Land Banking in Lagos Still Profitable in 2026? (Epe vs. Ibeju-Lekki Guide)