Valuation · 8 min read
Nigeria Land Valuation Guide 2026
How land is priced across Nigerian states in 2026 — from Lekki waterfronts to Nasarawa farmland — and the factors that move ₦/sqm.
Why valuation is hard in Nigeria
Nigeria lacks a unified cadastre. Prices are set by comps, informal brokers, and title quality. This guide breaks down what actually drives ₦/sqm.
1. Title strength
Certificate of Occupancy (C of O) commands a 25–60% premium over Governor's Consent-only plots. Gazetted family land trades lower still.
2. Road access & drainage
In Lagos, tarred access adds ~15%. In Ondo, laterite access is often the ceiling.
3. Flood exposure
Post-2022 Lokoja floods, banks discount flood-prone plots 20–35% in valuation.
4. Use type
Commercial > Mixed > Residential > Agricultural, per sqm. Agri wins on total ROI at scale.
Ballpark ranges (2026)
- Lekki Phase 1: ₦450k–₦900k/sqm
- Ibeju-Lekki (near Dangote): ₦85k–₦180k/sqm
- Abuja Maitama: ₦380k–₦700k/sqm
- Nasarawa farmland (per hectare): ₦1.2M–₦4M
- Jos plateau mineral: ₦2.5M–₦8M/ha
Verify every figure with a Landigence Pro report before committing capital.