How Much is Land in Ibeju-Lekki in 2025?

If you’re wondering how much land costs in Ibeju-Lekki in 2025, you’re not alone.

This fast-rising corridor in Lagos has become one of Nigeria’s hottest real estate investment zones. It’s popularity is driven by massive infrastructure projects and increasing demand for affordable land near the city.

With ongoing developments like the Lekki Deep Seaport, Dangote Refinery, Lekki Free Trade Zone, and the proposed international airport, land prices in Ibeju-Lekki are appreciating fast. And this has made Ibeju Lekki one of the best places to buy land in Lagos.

In this detailed guide, we’ll explore the current price of land in Ibeju-Lekki, what factors influence those prices, key locations to consider, and what you should know before buying land in this dynamic real estate hub.

How Much is Land in Ibeju-Lekki in 2025?

Land prices in Ibeju-Lekki vary significantly depending on location, title, land type, and proximity to major developments.

Reported Average Land Prices

Here’s what trusted property platforms report about the price of land in Ibeju-Lekki:

These numbers reflect the wide variation in land cost across different towns and estates within Ibeju-Lekki.

Price of Land in Ibeju-Lekki by Type 

ps. If you’re looking for 400 – 600 sqms of land in Ibeju Lekki, click here to book an inspection with Ms. Deborah 

Why Land in Ibeju-Lekki is in High Demand

Before diving into the cost of land in Ibeju-Lekki, it’s important to understand why investors, developers, and homebuyers are flocking to this axis.

1. Infrastructure Boom

Ibeju-Lekki is home to several billion-dollar infrastructure projects, including:

• Lekki Deep Seaport (now operational)
  
• Dangote Refinery (Africa’s largest)
  
• Lekki Free Trade Zone (LFTZ)
  
• Proposed Lekki International Airport

These developments are expected to create over 300,000 jobs and transform the area into Nigeria’s next industrial and commercial hub.

2. Affordability and Appreciation Potential

Land in Ibeju-Lekki remains affordable compared to Ikoyi, Victoria Island, and Lekki Phase 1. Early investors are already enjoying significant returns as prices continue to rise.

3. Government Backing

Lagos State has classified Ibeju-Lekki as a priority development zone. Roads, drainage, power, and transportation networks are under active construction.

Factors That Influence the Price of Land in Ibeju-Lekki

1. Location

Proximity to major projects like the Lekki Free Trade Zone or the proposed airport significantly impacts pricing. For example:

• Land near Eleko Junction or Alaro City = High demand, higher prices.
  
• Land in remote areas like Siriwon = Cheaper, longer-term investments.
  

2. Land Title

Land with proper documentation like a Certificate of Occupancy (C of O) or Governor’s Consent sells at a premium.

3. Topography

Dry land is more expensive because it’s easier to build on and doesn’t require sand filling or additional foundation work.

4. Estate vs Non-Estate Land

Land in gated estates usually includes infrastructure like paved roads, security, and drainage—justifying higher prices.

Land Prices by Area in Ibeju-Lekki (2025)

🔹 Premium Zones

Close to the refinery, seaport, and FTZ:

• Eleko, Lakowe, Akodo, Orimedu, Free Trade Zone Axis
• Price: ₦20M – ₦60M+ (with valid titles)

🔹 Mid-Tier Zones

Experiencing estate growth and accessible roads:

• Lakowe, Eputu, Awoyaya, Omu
• Price: ₦8M – ₦20M

🔹 Budget/Emerging Zones

Still under development or with less infrastructure:

• Gbogije, Eluju, Mosere Ikoga, Siriwon
  
• Price: ₦2.5M – ₦8M (may lack titles)

Towns and Communities in Ibeju-Lekki

Ibeju-Lekki is made up of over 40 communities and towns. The areas under Ibeju Lekki include: 

Abegede, Aiyeteju, Akando, Akodo, Araromi, Ebute Leki, Efiran, Eleko, Eluju, Emu, Eputu Town, and Gbogije, Iba Oloja, Ibeju, and Iberekodo, Idashaw, Idaso, Igando, Igbo-Lomi, Igoro, Ilagbo, Ilege, Ilumofin, Itagbo, Iwerekun, Kajola, Kurama Island, Kuramo Island, Lagasa, Lakowe, Mopo Onijebu, Mosere Ikoga, Ogogoro, Oke Egun, Okoyogun, Okunegun, Okunsolu, Ololu, Omu, Orimedu, Otolu, Siriwon.

Tips Before Buying Landed Properties in Ibeju-Lekki

• Verify Title Documents: Always check for registered titles through the Lagos State Land Registry.
• Buy from Trusted Developers: Avoid “omonile” transactions unless handled with legal backing.
• Ask for Allocation Layout: Ensure your plot is physically allocated, not just on paper.
• Inspect the Land: Visit the site before making payments. Don’t buy blind.
• Consider Hidden Costs: Some estates charge extra for documentation, development levies, and allocation.

Common Mistakes to Avoid

• ❌ Buying land under government acquisition or without excision
  
• ❌ Ignoring land verification due to urgency or low price
  
• ❌ Relying solely on verbal assurances from marketers
• ❌ Skipping inspection and physical allocation

Is Land in Ibeju-Lekki Still Worth Buying in 2025?

Yes—if you buy right.

Despite rising prices, Ibeju-Lekki remains one of the most promising investment zones in Lagos. Land bought in 2018 for ₦1M is now worth ₦10M–₦15M in some locations.

With major infrastructure now operational and more developments on the way, land values are expected to continue rising steadily over the next 5–10 years.

Conclusion

For people who want estate land with full documentation near the refinery or a more affordable plot in a developing town in Lagos, Ibeju-Lekki offers a wide range of opportunities.

The price of land there will continue to rise as infrastructure develops. If you’re serious about owning land in Lagos with strong growth potential, the time to act is now.

If you’re looking for land in Ibeju Lekki with certified titles, call Anita now on 07000200824 to book an inspection

FAQs

What’s the average price of land in Ibeju-Lekki in 2025?
The price of land in Ibeju Lekki ranges from ₦5M to ₦30M. However, land can cost as low as ₦2.5M in emerging zones and over ₦60M near the FTZ and refinery.

Is ₦3 million enough to buy land in Ibeju-Lekki?
Yes, but likely in underdeveloped or unverified areas. You may need to verify the title and plan for additional costs.

Can I get land with a payment plan?
Absolutely. Many estates offer 3–24 month payment plans with initial deposits ranging from ₦500K to ₦5M.

What land title is best?
A C of O is the most secure title. Gazette and Excision are also acceptable if verified.

Is Ibeju-Lekki good for residential or investment use?
Both. While some areas are ready for building, others are ideal for long-term land banking and resale.