How much is 1 acre of land in Nigeria?

The price of 1 acre of land in Nigeria ranges from as low as ₦150,000 in the northern states (e.g., Kebbi, Niger) to over ₦1.5 billion in prime Lagos areas like Ikoyi. In emerging investment hubs like Ibeju‑Lekki, expect to pay between ₦15 million and ₦80 million per acre.

How much is land in Nigeria generally?

Land costs vary widely. A standard plot (600sqm) can start from ₦350,000 in rural Oyo State and exceed ₦100 million in high‑brow Lagos districts. Agricultural land is the cheapest, while titled land in urban centers commands a premium.

How much is 1 plot of land in Nigeria?

A plot of land in Nigeria (typically 60ft x 120ft or 600 square meters) costs anywhere from ₦350,000 in remote areas to over ₦30 million in Lagos suburbs. In popular Ogun corridors like Mowe, a single plot ranges from ₦3 million to ₦8 million, depending on documentation and road access.

Where is the cheapest land in Nigeria?

The cheapest land per acre is found in Kebbi, Niger, Nasarawa, and parts of Oyo State (Iseyin, Saki), where prices start from ₦100,000–₦600,000 per acre. These areas are ideal for large‑scale farming and agro‑processing investments.

Can foreigners buy land in Nigeria?

Yes, but with restrictions. Under the Land Use Act, all land is vested in the state governor. Foreigners cannot hold freehold titles but can acquire long leases (up to 99 years) through a locally registered company. It is essential to work with a property lawyer and a trusted firm like Lexshield Properties for due diligence.

Where can I find land for sale in Lagos, Nigeria?

Land for sale in Lagos is available in emerging corridors like Ibeju‑Lekki, Epe, and Mowe. Lexshield Properties offers verified listings with proper titles (C of O, Gazette) to help you secure a genuine investment without legal troubles.

What is the expected price range for a plot of land in Mowe Ibafo by 2026?

By 2026, land prices in Mowe Ibafo are forecasted to range between ₦6.5 million and ₦15 million for standard residential plots, depending on the title and proximity to landmarks like the Lagos-Ibadan Expressway.

How much will a standard 500sqm plot in Mowe Ibafo cost around 2026?

A standard 500sqm plot is projected to average ₦7.5 million by 2026, driven by high demand for residential housing near Lagos and Ogun State industrial hubs.

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