Current Cost Of Buying And Selling Land In Abeokuta, Ogun State (Updated Prices, 2025)
Abeokuta, the capital city of Ogun State, is one of Nigeria's fastest-growing real estate hubs. Over the past few years, the city has seen a surge in land investment due to its proximity to Lagos, ongoing infrastructure development, and relatively affordable land prices. Whether you're planning to buy or sell land in Abeokuta, understanding the current market prices and the factors influencing property values is crucial.
This guide will provide you with updated 2025 land prices, expert insights, and a step-by-step process for buying and selling land in Abeokuta.
Why Invest in Land in Abeokuta?
If you're wondering whether buying land in Abeokuta is a good idea, here are some compelling reasons:
1. Strategic Location
Abeokuta is located just one hour away from Lagos, making it a great option for those who want to live or invest outside the congestion of Lagos while still staying close to the commercial hub.
2. Affordable Land Prices
Compared to places like Lekki and Ikeja, land in Abeokuta is much more affordable, offering investors better opportunities for long-term appreciation.
3. Infrastructure Development
The Ogun State government has been investing in major infrastructure projects, including:
- The Abeokuta-Lagos Expressway upgrade
- New road networks within the city
- A proposed cargo airport to boost commercial activities
4. Growing Economic Opportunities
Abeokuta is home to various industries, including agriculture, manufacturing, and real estate, making it an attractive location for businesses and investors.
5. Cultural and Tourism Appeal
Abeokuta is rich in history, with attractions like Olumo Rock, Ake Palace, and the annual Lisabi Festival, which draw tourists and boost the hospitality sector.
Factors That Affect Land Prices in Abeokuta
If you're looking to buy land, here are the key factors that determine land prices in different areas of Abeokuta:
1. Location
- Prime Locations (Expensive) – Oke Mosan, Obasanjo Hilltop, and Adigbe
- Developing Areas (Mid-range) – Laderin, Idi Aba, and Kemta Housing Estate
- Suburban & Outskirts (More Affordable) – Obada Oko, Alabata, and Iyana Mortuary
2. Land Purpose
- Residential Land – Prices are higher in estates and developed areas
- Commercial Land – Land near major roads and business areas is more expensive
- Agricultural Land – Typically more affordable in rural locations
3. Documentation & Title
- Land with a Certificate of Occupancy (C of O) is more expensive but legally secure.
- Untitled land is cheaper but riskier to buy.
Current Land Prices in Abeokuta (2025 Update)
The price of land in Abeokuta varies depending on the location and purpose. Below is an updated estimate of land prices based on recent market trends:
1. Residential Land Prices
- Oke Mosan, Obasanjo Hilltop Estate – ₦40M to ₦90M for 350 sqm – 1,200 sqm plots
- Infinity Estate, Agodo Village – ₦850,000 per 450 sqm plot
- Kemta Housing Estate – ₦5M to ₦15M per plot
2. Commercial Land Prices
- Abeokuta-Lagos Expressway – ₦100M for 2.5 acres of industrial land
- Adigbe, Opako Area – ₦35M for 1,800 sqm of mixed-use land
3. Agricultural Land Prices
- Alabata (Near FUNAAB) – ₦600,000 for 600 sqm
- Ishaga-Orile (Ile-Èkò Farm Settlement) – ₦350,000 for 500 sqm; ₦2M for 3,000 sqm
(Note: Prices may vary based on negotiations and real estate market trends.)
How to Buy Land in Abeokuta
Thinking of buying land in Abeokuta? Follow these six essential steps to ensure a smooth transaction:
Step 1: Identify Your Purpose
Decide whether you need land for:
✅ Residential use
✅ Commercial investment
✅ Farming or agriculture
Step 2: Set a Budget
Consider not just the purchase price, but also:
- Survey fees
- Legal documentation
- Development costs (if applicable)
Step 3: Research Available Properties
Visit different areas to compare prices. Check real estate websites or consult property agents for market trends.
Step 4: Verify Ownership and Documentation
Before making any payment, verify:
- Title document (C of O, Deed of Assignment, etc.)
- Land ownership at Ogun State Land Registry
Step 5: Negotiate & Make Payment Securely
- Use a real estate lawyer for negotiations.
- Make payments through traceable channels (avoid cash payments).
Step 6: Register the Land
Once the sale is completed, register the land under your name at the Ogun State Land Bureau.
How to Sell Land in Abeokuta
If you own land in Abeokuta and want to sell, follow these steps:
Step 1: Determine the Land’s Value
Consult property experts to assess the market value before setting a price.
Step 2: Gather All Documents
Ensure your land has the following:
✅ Certificate of Occupancy (C of O) or Registered Survey
✅ Deed of Assignment
✅ Proof of ownership
Step 3: Market Your Property
- List your property on real estate platforms
- Work with trusted agents to attract serious buyers
Step 4: Negotiate and Close the Deal
- Discuss payment terms with buyers
- Use a lawyer to draft a Sales Agreement
- Complete ownership transfer at the Land Bureau
Frequently Asked Questions (FAQs)
1. Is it safe to buy land in Abeokuta?
Yes, but ensure the land has a valid title (C of O, Governor’s Consent, etc.) and conduct a background check before purchase.
2. Can I buy land in Abeokuta without visiting?
Yes, but you should hire a trusted real estate agent and lawyer to handle the transaction for you.
3. How do I check if land is government-approved?
Visit the Ogun State Land Registry to verify land ownership and approval status.
4. What is the cheapest area to buy land in Abeokuta?
Suburban areas like Obada Oko, Alabata, and Iyana Mortuary offer affordable land prices.
5. How long does land registration take in Ogun State?
Land registration can take a few weeks to several months, depending on documentation and processing speed.
Final Thoughts
Abeokuta’s real estate market presents great opportunities for investors, businesses, and homeowners. Whether you're buying or selling land, having the right information and taking the necessary legal steps will help you make a profitable and secure investment.
If you’re looking for trusted real estate agents or updated listings, start exploring your options today!
