Where to Buy Farmland in Oyo, Ogun, and Ekiti States

Nigeria’s agricultural sector is a lucrative industry that continues to attract investors looking for opportunities in crop farming, livestock rearing, and agro-processing.

Among the best states to invest in farmland are Oyo, Ogun, and Ekiti, thanks to their fertile land, favourable climate, and growing agribusiness support systems.

If you’re considering buying farmland in these states, this guide will help you navigate the process, from choosing the best locations to understanding pricing, legal requirements, and safety tips to avoid scams.

1. Farmland in Oyo State

Oyo State, located in the southwestern region of Nigeria, is known for its vast and fertile land suitable for various agricultural ventures. The state is one of Nigeria’s leading producers of cassava, maize, yam, and fruits such as oranges and mangoes. Poultry farming and cattle rearing also thrive in the state, making it an excellent choice for agro-investors.

Best Locations to Buy Farmland in Oyo State

Iseyin – Known for large-scale cassava and maize farming.
Ogbomoso – Famous for yam and poultry farming.
Oyo town – Suitable for mixed farming (livestock and crops).
Ibadan outskirts – Great for urban farming and greenhouse cultivation.

Price Range and Availability

The cost of farmland in Oyo State varies depending on location and accessibility.

Farmlands in rural areas such as Iseyin and Ogbomoso cost between ₦200,000 to ₦500,000 per acre.
Farmlands near Ibadan may be priced higher, around ₦1 million to ₦3 million per acre, due to urban expansion and accessibility to markets.

Legal Considerations for Purchasing Farmland in Oyo

Obtain a Certificate of Occupancy (C of O) or Governor’s Consent.
Conduct a land search at the Oyo State Ministry of Lands.
Verify ownership and ensure there are no disputes before making payment.
Engage a legal expert for proper documentation.

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2. Farmland in Ogun State

Why Ogun State is Ideal for Farming

Ogun State is strategically positioned near Lagos, making it a key location for agribusiness and supply chain distribution. The state is known for large-scale production of cash crops such as cocoa, kola nut, and oil palm. Its climate also supports poultry and fish farming.

Best Locations to Buy Farmland in Ogun State

Abeokuta outskirts – Ideal for cash crops and poultry farming.
Ijebu areas (Ijebu-Ode, Ijebu-Igbo) – Known for cocoa and kolanut farming.
Ayetoro – Great for livestock and maize farming.
Imeko – Suitable for mixed crop farming.

Price Range and Land Tenure System

Remote farmland: ₦150,000 – ₦400,000 per acre.
Accessible locations near major roads: ₦700,000 – ₦2 million per acre.
Land near Lagos is more expensive due to high demand from agribusiness investors.

Documents Needed for Land Acquisition in Ogun

Deed of Assignment
Certificate of Occupancy (C of O)
Land Purchase Receipt
Survey Plan
Governor’s Consent (for legally registered lands)

3. Farmland in Ekiti State

Agricultural Potential of Ekiti State

Ekiti State has a predominantly agrarian economy, with large portions of land dedicated to farming. The state is known for yam, cocoa, plantain, and cashew farming. The relatively low cost of land makes it an attractive option for long-term investment.

Best Locations to Buy Farmland in Ekiti State

Ado-Ekiti outskirts – Ideal for commercial farming.
Ikere – Known for yam and maize production.
Ijero – Great for cocoa and cashew farming.
Omuo – Suitable for plantain and oil palm plantations.

Average Cost and Available Land Sizes

Rural farmlands: ₦100,000 – ₦300,000 per acre.
Farmland near major roads: ₦400,000 – ₦1 million per acre.
Large hectares for agro-industrial projects are available at negotiable prices.

Important Regulations and Documentation for Farmland Purchase

Verify land ownership with the Ekiti State Bureau of Lands.
Obtain a Survey Plan and Deed of Assignment.
Register land under Ekiti State Land Registry.
Ensure compliance with state agricultural policies.

Where to Buy Safely: Government vs. Private Sellers

Buying from Government-Backed Schemes

Some state governments allocate farmland under agricultural investment programs.
Lands from Ogun State Agricultural Development Program or Oyo State Agricultural Initiative come with legal backing and infrastructure.
Government-allocated land is safer but may take longer to process.

Purchasing from Private Landowners or Cooperatives

Private sales are faster but require due diligence.
Buying from registered cooperatives ensures proper documentation.
Always conduct a background check to avoid buying from fraudulent sellers.

Tips to Avoid Scams and Fraudulent Land Sales

Physically inspect the land before making any payments.
Work with real estate agents or legal professionals to verify documents.
Ensure a proper agreement is signed and witnessed by a lawyer.
Check for land disputes at local land registry offices.

Steps to Buying Farmland in These States

Research and Identify a Suitable Location – Consider soil quality, accessibility, and nearness to markets.
Conduct Site Inspections and Soil Testing – Ensure the land is fertile and suitable for your chosen crops.
Verify Land Ownership and Legal Documents – Check for encumbrances and ensure the seller has the right to sell.
Negotiate the Price and Terms of Sale – Compare prices and secure a fair deal.
Register the Land and Secure Legal Ownership – Obtain necessary documentation and complete government registration.

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Conclusion

Buying farmland in Oyo, Ogun, or Ekiti State is a rewarding investment with great potential for profitability. However, proper research, legal verification, and safe transaction practices are essential to avoid losses.

Final Tips:

Work with professionals to handle documentation.
Prioritize locations with good road networks.
Consider government-backed schemes for more secure purchases.
Be cautious of deals that seem too good to be true.

Are you ready to invest in farmland? Start by exploring these states and securing the right land for your agribusiness success.