Agricultural land in Nigeria is priced mainly per acre, and indicative 2026 prices range from about ₦30,000–₦300,000 per acre in Niger and Kano States, through ₦200,000–₦2,000,000 per acre in Ogun State, to ₦1,000,000–₦15,000,000 per acre in Epe and Ibeju-Lekki in Lagos. Sellers also quote per hectare, per plot and occasionally per square metre, so the first job is to bring every offer to the same unit. This guide shows the arithmetic, the published ranges by state, and what moves a parcel up or down within its range.
The four ways farmland is quoted
- Per acre: the everyday unit for farmland. One acre is 4,046.86 square metres.
- Per hectare: used in government allocations, agricultural records and larger commercial deals. One hectare is 10,000 square metres, about 2.47 acres.
- Per plot: common where farmland is being sold off in small pieces near a town. A plot has no fixed national size, so the quote means nothing until you know the square metres.
- Per square metre: rare for farmland, normal for urban land, and the unit that lets you compare the two.
Converting between them
- Acre to hectare: multiply the per-acre price by 2.471.
- Acre to square metre: divide the per-acre price by 4,046.86.
- Acre to plot: divide by the number of plots in an acre: about 6.25 for a 648 sq m standard plot, about 8.7 for a 465 sq m (50 × 100 ft) plot.
- Plot to acre: divide the plot price by the plot's square metres, then multiply by 4,046.86.
| Per acre | Per hectare | Per sq m | Per 648 sq m plot |
|---|---|---|---|
| ₦100,000 | ₦247,100 | about ₦25 | about ₦16,000 |
| ₦500,000 | ₦1,235,500 | about ₦124 | about ₦80,000 |
| ₦2,000,000 | ₦4,942,000 | about ₦494 | about ₦320,000 |
| ₦5,000,000 | ₦12,355,000 | about ₦1,236 | about ₦801,000 |
The conversion is most useful for spotting a bad deal dressed up as a cheap one. “Farm plots” at ₦400,000 each sound inexpensive next to ₦1,500,000 per acre, but if the plot is 465 square metres the price works out at about ₦3,480,000 per acre. The plot arithmetic for every common size is in how many plots make an acre, and all the units are explained in land sizes in Nigeria.
Indicative prices per acre by state
These are indicative 2026 ranges for agricultural land. They are wide because each covers everything from a remote block on a seasonal track to a titled parcel beside a tarred road.
| Location | Indicative price per acre |
|---|---|
| Epe / Ibeju-Lekki (Lagos) | ₦1,000,000 – ₦15,000,000 |
| Ogun State | ₦200,000 – ₦2,000,000 |
| Oyo State (Ibadan environs) | ₦200,000 – ₦1,000,000 |
| Edo State | ₦150,000 – ₦1,200,000 |
| Cross River State | ₦100,000 – ₦800,000 |
| Plateau State | ₦80,000 – ₦600,000 |
| Kaduna State | ₦50,000 – ₦500,000 |
| Benue State | ₦50,000 – ₦400,000 |
| Kano State | ₦30,000 – ₦300,000 |
| Niger State | ₦30,000 – ₦250,000 |
Within a state the spread is just as wide. In Ogun, the best-located land around the Sagamu interchange is quoted at ₦800,000–₦3,000,000 per acre, above the general state range, while Yewa North and Yewa South on the western side run at ₦100,000–₦400,000. Around Akure in Ondo State, near-town parcels are ₦300,000–₦1,200,000 per acre against ₦150,000–₦600,000 in the Idanre cocoa belt. The local detail is in buying farmland in Ogun State and buying farmland in Akure, Ondo State, and the state-by-state comparison is in where to buy agricultural land in Nigeria. To see what is on the market, search land for sale on Cabans.
What moves the price
- Road access. The biggest single factor. A parcel on a tarred or well-graded road that is passable in the rainy season is worth far more than the same soil behind a dry-season track, because produce has to leave the farm.
- Title. Land with a Certificate of Occupancy, or a clean chain of registered deeds, commands a premium over family land sold on a receipt, and it is the only kind a bank will lend against.
- Distance to market. Proximity to Lagos, a state capital or a processing cluster raises prices, especially for perishables, poultry and fish.
- Water. A reliable stream, an irrigation scheme or a working borehole adds value; so does a shallow water table, because it cuts the cost of drilling.
- Soil and terrain. Well-drained, workable land suited to the crops of the area is priced above waterlogged, rocky or steep ground.
- Size of the block. Larger blocks often price lower per acre; small parcels near a town carry a premium.
- Community claims. Undisputed land with the community's consent on record is worth more than a cheaper parcel with rival family claims. A low price is often the market pricing in a dispute.
- Speculation. Near growing towns and industrial corridors, farmland is priced for what it may become, not for what it grows.
Costs beyond the price per acre
- Legal fees: 1–2.5% of the value for a property lawyer
- Land Registry search: ₦5,000 – ₦50,000 depending on the state
- Survey plan: ₦50,000 – ₦150,000 from a licensed surveyor
- Governor's Consent and stamp duty: typically 3–5% of the transaction value on a C of O transfer
- Agent commission: 5–10% where an agent is used; see agent commission on the sale of land
- Borehole: ₦500,000 – ₦2,000,000 depending on depth
- Fencing: ₦500,000 – ₦3,000,000 depending on size and type
- Access road: from about ₦200,000 for grading a laterite track to millions where culverts are needed
- Power: ₦500,000 – ₦2,000,000 for a basic generator or solar set-up where there is no grid
For most rural parcels outside Lagos, that is ₦1,500,000 – ₦5,000,000 in development costs before the first planting season. On cheap land the infrastructure can cost more than the land itself, which is why a parcel at ₦100,000 per acre is not automatically better value than one at ₦500,000 with a road and water. The title types and the full due diligence list are in agricultural land for sale in Nigeria.
Selling farmland? State the acreage, the square metres on the survey plan, the title and the road access, and list your land on Cabans.
Frequently asked questions
How much is an acre of agricultural land in Nigeria?
Indicative 2026 prices run from about ₦30,000–₦300,000 per acre in Niger and Kano States to ₦200,000–₦2,000,000 per acre in Ogun State and ₦1,000,000–₦15,000,000 per acre in Epe and Ibeju-Lekki in Lagos. Road access, title and distance to market decide where a parcel falls within its range.
How do I convert a price per acre to a price per hectare?
Multiply by 2.471, because one hectare is about 2.47 acres. Land at ₦500,000 per acre is about ₦1,235,500 per hectare. To go the other way, divide the per-hectare price by 2.471.
How do I convert a price per acre to a price per plot?
Divide by the number of plots in an acre for the plot size being used. With the 648 square metre standard plot there are about 6.25 plots in an acre, so ₦2,000,000 per acre is about ₦320,000 per plot. With 465 square metre plots there are about 8.7 in an acre.
Is farmland cheaper per acre when you buy more?
Usually. Larger blocks often price lower per acre than small parcels in the same area, because there are fewer buyers for them and the seller saves the work of subdividing.
Why is farmland in Lagos so much more expensive than elsewhere?
Agricultural land in Epe and Ibeju-Lekki carries a Lagos infrastructure premium and land-banking demand from the industrial corridor, with expressway access and better-documented title. Much of what is sold as farmland there is priced for its future use rather than its crop income.
What costs come on top of the price per acre?
Legal fees of 1–2.5%, a Land Registry search, a survey plan, Governor’s Consent and stamp duty, agent commission where an agent is used, and the cost of making the land usable: borehole, fencing, access road and power. For most rural plots outside Lagos, development adds ₦1,500,000–₦5,000,000 before the first planting season.
Related guides
Agricultural land for sale in Nigeria · Where to buy agricultural land · Arable land in Nigeria · Buying farmland in Ogun State · Land sizes in Nigeria
Take the next step
Keep your research practical: search for property in Lagos, compare live options for land for sale in Lagos, or list your property on Cabans to reach active buyers and renters.
Not ready yet? Get an email when new listings go up in Lagos.