What Is Land Banking and Why Does It Work in Nigeria?
Land banking is the strategic acquisition of undeveloped land in emerging locations, held over a few years while its value appreciates. It’s a time-tested, low-maintenance investment model. And in Nigeria’s rapidly urbanizing landscape, it’s becoming a top wealth-building strategy.
Compared to volatile markets like crypto or stocks, land is:
-
Tangible
-
Inflation-resistant
-
Always in demand
If you pick the right location, land banking delivers impressive returns with minimal risk.
Where Land Is Appreciating Fastest in Nigeria
Nigeria’s infrastructure boom is fueling land appreciation in key growth corridors. According to BusinessDay, Ogun State land prices rose by 30.48% in 2024, second only to Lagos.
| Location | Price Growth | Investment Triggers |
|---|---|---|
| Mowe–Ofada | +30.48% | Lagos–Ibadan Expressway, rising housing demand |
| Kuje, Abuja | +40–45% | Close to airport, Almat Farm, Centenary City development |
| Epe–Ketu, Lagos | +50–60% | Lekki Airport, Alaro City, new expressway |
| Ibeju-Lekki | +70–80% (5 yrs) | Lekki Port, Dangote Refinery, Free Trade Zone |
Case Study: From ₦15M to ₦25M in Mowe (600 sqm)
In 2022, a smart investor bought a 600 sqm plot in Mint Court Estate, Mowe for ₦15M. Here’s what happened:
| Year | Value (₦) | Growth Driver |
|---|---|---|
| 2022 | ₦15,000,000 | Initial price (launch) with C of O |
| 2023 | ₦17,500,000 | Infrastructure upgrades, diaspora demand |
| 2024 | ₦21,000,000 | State-wide 30.48% growth (BusinessDay report) |
| 2025 | ₦25,000,000+ | Projected value from residential & commercial expansion |
-
Total Profit: ₦10M
-
ROI: 66.7% over 3 years
-
Annualized Return: ~22%
Bigger Play: Hectare Investment in Kuje (Abuja)
1. Forkhill Estate, Kuje
Land Banking in Nigeria
-
Location: Opposite Centenary City, near proposed train station
-
Size: 1 hectare (10,000 sqm)
-
Initial Price: ₦50M
-
Projected Value (3 yrs): ₦95M+
-
Estimated ROI: Up to 90%
Key Features:
-
SDG-aligned development
-
Gated access
-
24/7 power supply
-
Commercial and recreational zones
2. Moonshot Estate, Kuje
-
Location: Facing Almat Farm & Resort
-
Size: 1 hectare
-
Current Price: ₦75M
-
15% Discount for outright purchase
-
Payment Plan: 6–12 months with 40% deposit
-
Projected Value: ₦95M+
-
Estimated ROI: ~26.7%
Why it’s a top pick:
-
Airport proximity
-
Scenic views
-
Ideal for long-term capital gains or development
Why Land Banking Works in Nigeria
-
High Urban Migration: Millions are moving into cities, creating housing demand
-
Diaspora Investment: Nigerians abroad remitted $20.9B in 2024, much of it flowing into real estate
-
Infrastructure Expansion: Roads, ports, rail, and airports increase nearby land values
-
Low-Risk Model: No construction or tenant management — just buy, hold, and grow value
How to Start (Even with ₦5M – ₦15M)
You can start land banking with verified plots in:
Each option includes:
-
Flexible payment plans
-
Verified documentation (C of O or Registered Survey)
-
Instant allocation after purchase
Top Tips to Maximize ROI
-
Buy only from verified developers with secure land titles
-
Focus on emerging corridors like Mowe, Epe, and Kuje
-
Hold for 2–5 years to capture peak appreciation
-
Use experienced advisors for land verification and due diligence
Ready to Invest in Land That Works For You?
Baker Homes offers fully documented plots and hectare-sized land in Nigeria’s top-performing locations, with flexible payment plans and full support.
Call or WhatsApp: 0803 851 2489
Visit: www.bakerhomes.io
-
Book a site inspection
-
Get the latest price list
-
Speak with a verified agent
Final Thoughts
Land banking is one of the most reliable, low-stress paths to long-term wealth in Nigeria. Whether you’re starting with ₦15M or scaling up to ₦75M+, strategic investments in Mowe, Kuje, or Epe are consistently delivering strong returns.
Start early. Invest smart. Let your land work for you.