In 2005, Mr. Ajani bought two plots of land in Ajah, Lagos for ₦800,000 each.
At the time, his friends laughed.
“Why buy bush when you can get a nice flat in Surulere?” they said.
Fast forward to 2025—each plot is now worth over ₦120 million.
Those same friends now pay rent to landlords in Ajah, while Mr. Ajani’s children enjoy rent-free living and a steady stream of income from tenants.
So, should you still acquire property in Lagos?
Let’s look at the facts—and the future.
Lagos Is Crowded, But That’s the Opportunity
Yes, Lagos is chaotic.
Yes, traffic is insane.
Yes, land is expensive.
But guess what? People are still moving in every single day.
Lagos currently hosts over 25 million residents and remains the economic heartbeat of Nigeria. Whether you’re looking at tech hubs in Yaba, industrial estates in Lekki Free Trade Zone, or the smart city dreams in Epe — demand keeps rising.
Where demand rises, value follows.
The Real Estate Evolution
You may think the “juicy” areas are gone. Ikoyi. VI. Lekki Phase 1. Overpriced, right?
But smart investors are looking beyond the obvious—to places like:
- Ibeju-Lekki – The new investment magnet with the Dangote Refinery, Deep Sea Port, and Lekki Airport.
- Epe – Tagged “the new Lagos,” it’s buzzing with infrastructure and tech-led growth.
- Alimosho, Ikorodu, and Badagry – Affordable lands, emerging population, and government-backed development.
If you missed Victoria Island in the ‘80s, don’t miss Epe in the ‘20s.
But What About Land Scams?
Yes, they exist. And they’re real.
But that doesn’t mean you avoid land altogether. It means you buy smarter:
- Run due diligence
- Work with reputable realtors and developers
- Insist on verified titles (C of O, Governor’s Consent, etc.)
With the right guide, your land won’t just be safe—it will multiply in value.
My One Cent: Buy Land or Rent Regret
Lagos is a beast—but it rewards the bold.
The question is no longer “Should you still buy property in Lagos?”
The real question is:
In five years, will you be a landlord, or still making excuses?
The best time to buy was yesterday. The next best time is now.