🏡 IS BUYING LAND REALLY A GOOD INVESTMENT IN NIGERIA?
Let me tell you a story that may change the way you look at land.
Imagine someone told you in 2013:
> “Put ₦1 million into a piece of land and forget about it for the next 10 years.”
You might have laughed.
Maybe you would have said:
“Land? What am I going to do with land when I can put my money somewhere else?”
Now imagine that same person comes back to you in 2026 and says:
“Remember that land you didn't buy?”
That is where the story gets interesting.
📍 CASE STUDY: IBEJU-LEKKI, LAGOS
There was a time when parts of Ibeju-Lekki were considered too far.
People asked:
“Who will go and live there?”
But then infrastructure and major economic projects started changing the story.
According to a 2025 report on the Lagos real-estate market, some plots in Ibeju-Lekki that sold for roughly ₦500,000–₦1.5 million in 2013 were reportedly selling for around ₦25 million–₦40 million by Q1 2025.
Let's take the lower end just to illustrate the mathematics.
₦1 MILLION → ₦25 MILLION
If someone had bought land worth ₦1 million in that example and the land appreciated proportionally from ₦1 million to ₦25 million:
₦1,000,000 → ₦25,000,000
That's a 25× increase.
And that's the part many people miss.
They look at land and see:
“Just an empty piece of ground.”
But an investor looks at:
“What is happening around this piece of ground?”
Because sometimes, the biggest change in the value of land isn't the land itself.
It's everything coming around it.
A new road.
A new industrial project.
A new residential development.
A new commercial centre.
More people moving into the area.
Better accessibility.
More businesses.
More demand.
And when demand starts chasing limited land supply...
Prices can change dramatically.
BUT HERE'S THE BIGGEST LESSON 👇
Not every land will give you 25×.
And this is extremely important.
You can buy land today and still struggle to sell it years later if you bought in the wrong location, paid too much, or failed to verify the title.
Recent Lagos market data shows just how different appreciation can be from one location to another. Between 2018 and 2023, NIESV data reported land-price growth ranging from 55% in Yaba to 275% in Ogudu across selected locations.
So the question shouldn't simply be:
❌ “Is land a good investment?”
The better question is:
✅ “Is THIS particular land, in THIS particular location, at THIS particular price, with THIS particular title, a good investment?”
That's a completely different question.
🔑 5 THINGS THAT CAN MAKE LAND A GOOD INVESTMENT
1️⃣ LOCATION
Location is everything.
Two plots of exactly the same size can have completely different values because of where they are located.
Don't just ask:
“How much is the land?”
Ask:
“Why is this location likely to attract more demand?”
2️⃣ INFRASTRUCTURE
Infrastructure can transform an area.
Roads, bridges, transportation, commercial developments and major projects can change how people perceive and value a location.
The Ibeju-Lekki corridor is a good example of how infrastructure and major economic developments can influence land values. Recent 2026 reporting put year-on-year land-value growth along parts of the Ibeju-Lekki–Epe axis at about 35%, with some plots reportedly moving from around ₦15 million in 2024 to ₦25 million or more.
3️⃣ TITLE
This is where many people make expensive mistakes.
Cheap land with a problematic title is not a bargain.
Before paying for land, investigate the ownership and title.
Lagos State's official land-search portal specifically advises buyers to conduct proper searches to establish the status of a property and identify the registered owner and instruments affecting the title.
Don't let excitement make you skip due diligence.
4️⃣ PRICE
A good location doesn't automatically mean you're getting a good deal.
You still need to know:
What are comparable properties selling for?
If everybody around you is selling similar plots for ₦15 million and someone is asking you for ₦30 million, you need to know why.
5️⃣ TIME
Land is usually a long-term game.
You may buy today and see very little movement initially.
Then an infrastructure project, population growth or commercial development changes the demand in the area.
That's why many land investors don't ask:
“How much can I make next month?”
They ask:
“What could this location become in 5–10 years?”
SO, IS BUYING LAND A GOOD INVESTMENT IN NIGERIA?
It can be.
But buying land is not automatically investing.
Buying the right land, in the right location, at a reasonable price, with verifiable title, and having the patience to hold it can create significant wealth over time.
And there is another important reality:
The earlier you identify a growing location, the more room there may be for appreciation.
By the time everyone is talking about an area...
you may already be late to the party.
The people who bought in some locations when everyone was asking:
> “Who will go there?”
may eventually be the same people others ask:
> “How much are plots selling there now?”
💭 BEFORE YOU BUY YOUR NEXT PLOT, ASK YOURSELF:
Where is this area going?
What infrastructure is coming?
Who is buying there?
What is the title?
What are comparable plots selling for?
And most importantly...
If I don't buy today, what might this same plot cost me five years from now?
Because sometimes...
the most expensive land you'll ever buy is the land you could have bought earlier.
📌 SAVE THIS POST
If you're considering buying land in Nigeria, don't just look at the price.
Study the location.
Study the title.
Study the infrastructure.
Study the demand.
Study the future.
Then make your decision.
📍 CHRISTIANAH GARDEN CITY, ELERANGBE, IBEJU-LEKKI
📐 500SQM
📜 CofO
💰 ₦20 MILLION
If you're looking to own land in a developing part of Ibeju-Lekki, send me a DM for more details and availability.
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