Investing in land in Nigeria is one of the smartest ways to build wealth, especially for diaspora investors looking for long-term returns. Land appreciates in value over time and can be used for residential, commercial, or agricultural purposes. However, buying land from abroad comes with challenges, including fraud, legal complexities, and dealing with unreliable agents.
This guide will help you navigate the process safely and successfully, ensuring that your investment is secure and profitable.
1. Define Your Land Investment Goals
Before purchasing land, be clear on your objectives:
- Are you buying for future development or resale?
- Do you want land for residential, commercial, or agricultural purposes?
- What is your budget?
Understanding your goals will help you choose the right location and type of land.
2. Choose the Right Location
Location is one of the most important factors when buying land. Here are some of the best places to invest in land in Nigeria:
Top Locations for Land Investment
- Port Harcourt – Good for commercial and residential land investment, especially in GRA and Choba and also for land banking especially in Isiokpo, Abara-Etche and Omagwa.
- Lagos – Fastest-growing real estate market; prime areas include Ibeju-Lekki, Epe, Lekki, and Ajah.
- Abuja – Ideal for high-value land investments, especially in Asokoro, Gwarinpa, and Lugbe.
- Ogun State – Affordable land, great for long-term investment in areas like Mowe, Shimawa, and Abeokuta.
- Ibadan – Emerging real estate market with low-cost land in Moniya, Akobo, and Elebu.
When choosing a location, consider factors like infrastructure development, security, accessibility, and future appreciation potential.
3. Verify Land Documents to Avoid Scams
Land fraud is a major issue in Nigeria, so verifying ownership and documentation is crucial. Here are the key land documents to check:
Essential Land Documents
- Certificate of Occupancy (C of O) – Confirms legal ownership and government approval.
- Deed of Conveyance – A legal agreement that transfers ownership from the seller to the buyer.
- Survey Plan – Shows the exact location and size of the land.
How to Verify Land Legitimacy
- Conduct a land search at the State Land Registry.
- Hire a real estate lawyer to review all documents.
- Physically inspect the land or send a trusted representative.
4. Work with a Trusted Real Estate Company
Since you are investing from abroad, buying from a reputable real estate company is the safest way to acquire land.
Recommended Real Estate Company: Chifour Properties Limited
One of the best real estate companies for diaspora investors is Chifour Properties Limited.
Why Choose Chifour Properties Limited?
- Verified and trusted – They sell genuine land with proper documentation.
- Flexible payment plans – Allows you to buy land in installments, making it easier to invest.
- Transparent transactions – No hidden fees; they provide all documents before purchase.
- Secure land banking options – Buy land in developing areas for future resale at higher prices.
- Excellent customer support – They assist diaspora investors throughout the purchase process.
Always verify the company’s CAC registration and past customer reviews before making any payments.
5. Payment Options for Diaspora Investors
You do not need to pay for the land in full immediately. There are several flexible options available:
a) Outright Payment
Full payment ensures faster land allocation.
b) Installment Plans
Many companies, including Chifour Properties Limited, offer installment plans ranging from three months to 12 months. This is ideal if you want to spread payments over time.
c) Diaspora Mortgage and Loan Options
Some Nigerian banks offer land purchase loans for diaspora investors. Examples include First Bank, Access Bank, and the Federal Mortgage Bank of Nigeria (FMBN) Diaspora Scheme.
6. Inspect the Land or Use a Trusted Representative
Before making any payments, always verify the land physically. If you cannot visit Nigeria, you can:
- Send a trusted family member or lawyer to inspect the land.
- Request a virtual tour from the real estate company.
- Use an independent real estate consultant to confirm the land’s location and condition.
Some companies, including Chifour Properties Limited, offer site inspections for diaspora clients.
7. Complete the Transaction with Proper Documentation
Once you are satisfied with the land, follow these steps:
- Sign a legally binding contract (Deed of Conveyance).
- Make payments only to the company’s official bank account.
- Receive and verify your land documents.
- Ensure the land is registered in your name at the land registry.
8. Secure Your Land Investment with Property Management Services
If you do not plan to develop the land immediately, you should:
- Fence the land to prevent encroachment.
- Hire a property management company to maintain it.
- Consider land banking, which involves holding land for future resale at a higher price.
Some real estate companies, including Chifour Properties Limited, offer land banking and security services to protect your investment.
Final Thoughts
Buying land in Nigeria as a diaspora investor can be a safe and profitable investment if you follow the right steps. To avoid fraud, work with reputable real estate companies like Chifour Properties Limited, conduct proper land verification, and ensure all legal documents are in place.
Are you planning to buy land in Nigeria? Share your questions or experiences in the comments.