Best Mortgage Rates & Housing Financing In Nigeria

Are you looking for the best mortgage rates in Nigeria with affordable home equity contribution for middle and low-income earners in Lagos Nigeria? Here are loan rates you can compare.

Note: This article is for those who already own land at a prime location and those looking to buy their dream home.


We all want to get the cheapest financing package for our dream home at better rates because a lower repayment fee makes it flexible for one to pay back which could even lead to a higher loan request from a commercial bank in Nigeria.

In this review of the best property financing article, I will be comparing three mortgage institutions in Nigeria and their home equity contribution so that you can decide which is better for your need.

Generally, commercial banks in Lagos Nigeria charge a double-digit interest rate on home loan advances to real estate or property investors. There rate range from 20%-27% per annum as at the time this post was published.

best mortgage rates in Nigeria

Best Mortgage Rates In Nigeria – Housing Loan & Financing From Banks

Let’s start with Standard Chartered Bank Nigeria Home Loan.

  • The home equity loan rate is 17.9% per annum
  • The minimum equity contribution is 20% of the property value for a maximum of 20 years.
  • The applicant shall not be less than 23 years or more than 60 years.
  • The property must be within Lagos or Abuja.

Another place you can check is Federal Mortage Bank of Nigeria via National Housing Fund

  • The loan is subject to a maximum finance rate of 6% per annum
  • The equity contribution is based on the loan portion of the mortgage finance.
    • N15,000,000.00  –  30%
    • N10,000,000.00  –  20%
    •   N5,000,000.00  –  10%
  • The property should have sufficient fair value to recover the loan and be within an existing law with an approved building plan.
  • The applicant is expected to have contributed towards a National Housing Fund for a period not less than 6 months.
  • The applicant should have a satisfactory and guaranteed flow of income regularly.
  • The maximum repayment period of the loan is 30 years.
  • Read full NHF housing and home loan guideline.

The third is First Bank Personal Home Loan

  • The loan is available to employees of First Bank list of approved employers.
  • The loan is repayable within 20 years as long as the applicant is not more than 60 years.
  • Minimum equity contribution is between 20-30% depending on where the property is.
  • Only residential properties are financed, not for commercial use.
  • Minimum and maximum loan amount are N1 million and N50 million.
  • Find more information on FBN home financing.

While these are the best mortgage rates in Nigeria, you can also talk to your mortgage banker for more tips and advice.

Land Acquisition In Lagos State – What You Should Know Before Buying One

Land acquisition in Lagos state should not be as difficult as you think – these tips will help you understand the process of buying a land from a seller and how to avoid scam.

Landed property purchases are one of the most delicate business transactions to enter; it comes with a lot of risk of ownership re-claim or government control and as such involve due diligence and right consultation. It is not a transaction you should enter as a buyer without consulting a lawyer or having a full grasp of title documents involved, depending on who the seller is.

Besides, you need to spend some time to learn the procedures, identify genuine sellers, understand basic terms in property transactions ( like Excision, Deed of Assignment, differentiate a C of O from Global C of O etc) as this will boost your confidence and put you on the right part of closing your first transaction successfully.

In this guide, I will be sharing the concept of land acquisition in Lagos state, and tailor it to first-timers who want to get acquainted with this capital-intensive business.

Important notice: Before you decide to settle for any land in Lagos state, you have to be sure that the land is free from government take-over. A land can either be free or acquired.

A free land means it is completely free from government control and available for sale to interested buyers. Acquired, on the other hand, means it is still under government control which could be committed or global. The former means that there is an intention on the land and thereby declared a no-go area for real estate developers or interested buyers while the latter can also be free or committed.

Understanding this brief notice will let you ask an agent about the land Title whether it has Excision, a term that describes the process in which government is about to release a land to a particular set of people, community or family member. Unless you are sure that the land is undergoing excision (with 90% possibility of being released), has a global C of O and an approved survey plan, don’t go ahead to the next phase of acquisition. Many buyers have lost their money to land deals that were eventually not released or exercised. You can even spot risky deals like this when your agent is delaying allocations.

Land Acquisition In Lagos State

See 5 things to check before buying a land in Lagos state.

Why you should ask for an Approve Survey plan:

It contains the name of the owner, address of the land, size, beacon number which you can use to check where the land starts and stops (measurement). To do your own check you can also use the coordinates to confirm and compare the actual length and breadth of the land with what land registry has at Alausa.

A lot of surveyors are involved in preparing a fake survey plan which is even worst than Omo Onile boys.

Very Important: Top 10 Land Survey Plan Scam By Fraudulent Land Survey With Case Studies

This article exposes all the trick some land surveyors use to scam property buyers in Lagos and I encourage you to read it as it is very detailed, backed by snapshot and case studies.

The next phase:

After you are satisfied with the above, then you can initiate the process of acquiring the land from a seller.

There are three categories of sellers you may be buying a land from in Lagos state; An individual, Family or Real Estate or Property Developer.

Each of these parties has specific documents you need to request for before entering into a land transaction with them; this is very vital and at this initial stage, the help of a property lawyer will save you time and keep you away from scammers or fraudulent sellers.

For individual selling property on behalf of another seller, the following are the key documents to ask first:

  • Power of attorney – This document confers an individual the right to sell a land on behalf on the main sellers who could be a client. You don’t just enter into a transaction with someone that verbally claims he is acting or representing another owner, you might end up losing your money.
  • Receipt – This is an evidence that payment was made by the seller to the whom he may have bought the property from.
  • Certificate of Occupancy – This document is issued by the Lagos state government. It gives the seller the right to the land.
  • Deed of Assignment: This is a vital document that binds two people in relation to land transactions. It is prepared by a solicitor and contains the history of ownership transfer of the land.

For a real estate developer selling an acquired hectare to several buyers, here are key documents to ask for:

  • Global C of O – This is different from a C of O. It covers an expanse of land.
  • Approved Survey Plan – Already explained earlier.

While this guide will you understand land acquisition in Lagos state, you can read 6 Key documents to ask when buying a land in Lagos. It contains useful details when dealing with either of the three categories of sellers.

Lastly, don’t forget to talk to a registered property lawyer for further assistance.

Top Real Estate Agents In Lagos Nigeria

Top Real Estate agents in Nigeria – Revolution Plus Property Development Company In Lagos Nigeria – Best Real Estate Developer and Consultants In Lagos For Land For Sales In Ibeju Lekki, Ikorodu & Mowe

Are you looking for the best and top real estate agents in Nigeria with a track record of successful property sales transaction history and no litigations? Here is a review of our investment partner, Revolution Plus Property Development Company, a foremost real estate developer that has carved a niche for itself as a top firm to buy affordable land for sale from in Lagos state.

Top Real Estate Agents In Nigeria Revolution Plus

One thing Lagos is known for when it comes to buying land is that there are numerous agents claiming to be the preferred partner with but has incomplete documentation and insufficient information that may put your property at a risk of community reclaim or government take over.

See: How to know if a land for sale is genuine

In a meeting held with the MD of Revolution Plus, Mr Bamidele Onalaja, this is what he has to say to prospective clients and partners,

“I am a man of my word that delivers on the promise, I do business that will make me and my partners sleep well. There is nNone of my 7 estate lands that you wouldn’t see development currently going on which tells you how serious we are in real estate business. When I buy the property from the family, I do my due diligence with professional lawyers to ensure that key members of the family sign the transfer document on behalf of the family and generations yet unborn so they don’t have any right to come back for unnecessary charges or issues. No one from anywhere can or has ever come as “Omo-onile” to disturb my clients/land owners. We take the security of our property serious and as such build fence and gates to prevent unauthorize access.”

Top Real Estate Agents In Nigeria Revolution Plus

Mr Bamidele has 12 years experience in mortgage banking before he got a vision to provide affordable housing in Nigeria following the widening housing deficit of about 2.5 million or more., a subsidiary of BigResources Solutions is an official partner of Revolution Plus Property Development Company. We are not only the leading land purchase education and resource blog for investors and individuals interested in investing in Lagos property market but also help Nigerians living outside the country secure genuine land in Lagos with necessary documents.

Some of the big real estate projects of Revolution Plus Property Development are:

  • Royal Garden Mowe
  • Lekki Royal Garden
  • Royal Haven Ikorodu
  • Royal Haven Ibeju Lekki
  • Flourish Garden

As at when we posted this article, each of these properties is already on the verge of being sold out and if you still want to know the status of these offers or available land in Lagos managed by this agent, you can contact Oge (the founder of this blog and a Revolution Plus Property consultant) on +234-808-421-9399 for free consultation and inquiries.

We don’t add an extra fee to the property listed on this blog, all the cost of a plot of land advertised on this platform are the same as our top real estate agents in Nigeria. You can be assured of extra support at no fee when you buy your next property through us.

What You Can Build On A Plot Of Land In Lagos & Make Profit?

This article shares insight on what you can build on a plot of land to generate predictable cash flow from property investment.

After concluding all necessary documentation with our real estate company and have been allocated respective plots of land, a lot of buyers still ask me this post-purchase questions, “What can I build on a plot of Land”?

This is an important part of your real estate journey as it helps you plan your next strategic move.

Though I have shared tips to making money off your vacant land which you might want to check out here. This article is focused on helping interested land buyers see the opportunities in Lagos real estate market and how they can position their portfolio for a better return on investment.

Real estate in Lagos is a sure destination for local and foreign investors who are looking for a stable and near zero investment windows in Nigeria. In the country alone, the sector account for around 12% of annual GDP and the way population is growing, expert predicts a double-digit growth for the sector which is doubt creating more jobs.

That doesn’t mean the sector is 100% risk-free but we believe that if you have every information required to find a good land with key documentation and backed by a professional property lawyer, you are as well safe from scammers.

What You Can Build On A Plot Of Land

What you can build on a plot of land in Lagos:

Find 4 ideas on what you can do with your vacant plot of land with examples to take home.

  • Affordable residential units – As the housing deficit in Lagos widens every day, the need for housing package that will meet the need for low-middle level income earners becomes paramount. You can utilise your plot of land to build standard 2-bedroom apartments or duplex and rent out for annual rental income. This is the common strategies to making steady cash flow from real estate business as a beginner.
  • Factory – As demand for essential household products increases, you can build a factory for mass production, partner with distributors and sell to wholesalers for profit. For instance, you can build a bottled water manufacturing company on your land and turn it into a mega business in a short time.
  • Office space – For land cited in an industrial area or densely populated region where commercial activities are expected to pick up, you can build units of office or co-working space, rent it out to interested business owners and earn rental income.
  • Guesthouse – This is another profitable building you can mount on a plot of land located in an area where migration is expected to increase. For instance, Ibeju Lekki is an area where such a business will thrive as investors, staff and business owners look for temporary accommodation or short stay services.

While these are what you can build on a plot of land in Lagos state, you may still want to find available properties that are available in good and fast developing locations.

Why You Should Grab Cheap Land For Sale At Ibeju Lekki Free Trade Zone

This article reveals everything you need to know about buying cheap land for sale at Ibeju Lekki area of Lagos state.

The best place to buy a cheap land for sale right now is in an emerging site where developmental projects are going on simultaneously and if you pay close attention to the noise in Lagos real estate market, there is one area investors, real estate consultants and property managers are shouting and luring interested property buyers to cash in, and that’s Ibeju Lekki, a local suburb of Epe, somewhere after Ajah, which is like an outskirt of Lagos. 

Where Exactly is Ibeju Lekki, you may ask?

Ibeju-Lekki is where you have The Lekki Free Trade Zone, Lekki Deep Seaport, Dangote Refinery and Petrochemical Industry ($17Billion), Dangote Fertilizer Plant, Cargo Port, The ongoing 4th Mainland Bridge, Lekki International Airport, Lekki International Golf Course, Pan Atlantic University, Eleganza Industries and so on. That is why it is regarded as the ideal investment destination for property investors today.

Ibeju Lekki is after Ajah. Ibeju-Lekki can be described under three broad locations with respect to the key ongoing projects there. These include The Free Trade Zone axis; the Elerangbe axis, and the Lekki-Epe Expressway axis.

Free Trade Zone Axis: This is the most commercial of the three locations and stretches from Eleko Beach Road through the Free Trade Zone to La Campagne Tropicana Resort and beyond. There we have the Free Trade Zone, Lekki Deep Seaport, The Lekki International Golf Course, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant, Indomie Industry, Power oil company, General Hospital, Lekki Tourist Centre, Chinese Free Trade area, Private Beaches and Resorts and other businesses.

The Lekki Free Zone is designed to be a special area in Lagos State with dynamic commerce, trade, modern industrial sectors and an eco-city for residents.

The Elerangbe Axis: This is mostly a residential location. Eleranigbe is off Lekki-Epe Expressway to the left,  a few km (5 minutes drive) after Eleko Junction. The projects expected to open up this location is the ongoing 4th Mainland Bridge and the Lekki International Airport. Is the major road to the airport. There are a lot of proposed estates coming up there. The government has the plan to tarred the road because it leads to the airport and 4th mainland bridge will be linked to the road.

Lekki-Epe Expressway Axis: Ibeju Lekki on the the Lekki-Epe Expressway axis starts from Abijo up to Eleranigbe. This stretch of the expressway has a mixture of residential and commercial characteristics. The are a lot of houses, big schools, business ventures such as Coscharis Group, Eleganza Industries, Pan African University, the Biggest Shoprite in Nigeria (Abijo/Sangotedo), Greenspring School, Corona School and has many built up residential estates.

The reason Ibeju Lekki is seen as the next opportunity in real estate are because of its strategic connections to Victoria Island and Ikoyi. Even the proposed free trade zone is cited in the same region which many believe will attract the same development that drove property prices to an estimated N10 million per plot in Lekki phase 1, Phase 2, and around N35 million in Maryland.

Besides, the development such area might receive is not also far from the “free trade zone“, a project powered by the Lagos state government and handled by Tolaram Group, a conglomerate headquartered in Singapore.

“A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other.” Source

When we shared the best locations you should buy your next land in Lagos for a higher return on investment in the future, Ibeju Lekki is one of the areas we mentioned. Some of the public-private developmental projects ongoing in that axis are free trade zone, Deep Sea Port, Dangote refinery which is projected to process 650,000 bpd, Lekki Airport which is estimated at 1.7bn, Pan-Africa University permanent site, Tank Farms, Food processing, and several other corporate and residential projects expected to turn the area into commercial hub of Lagos.

Cheap Land For Sale At Ibeju Lekki Free Trade Zone

Why you should grab a cheap land for sale at Ibeju Lekki Free Trade Zone

Already the news alone has driven property price by more than 200% in less than 2 years. As at 2013, a plot of land in Ibeju Lekki, Epe was selling for an estimated N350,000 – N400,000, but now prices have surged to around N1-N3.5 million per plot, representing 150-200% return on investment, a profit that is not easily available elsewhere without its attendant risk. And that is not even the end part, a few years from now all these proposed projects mentioned is expected to have reached 80-90% completion which is definitely going to push the price further to another all-time high.

Take a brief analysis of what happened in Victoria Island and Lekki and compare to Ibeju Lekki, you will see the estimated price of a plot of land in Ibeju Lekki when all ongoing works would have been perfected and normal operations attributable to a free trade zone have started.

According to data published on this blog, over 200,000 employees or more will need a place to live which presents an opportunity for private residential building, hotels, guest houses and business related activities. This figure is calculated from the projected staff strength each project will attract:

  • Dangote refinery to employ more than 80,000 staff as the operation will likely kick off in 2018-2019
  • The Lekki Free Trade Zone will attract over 60,000 staff
  • Pan-African University (Lagos Business School) to attract a huge number of full and part-time students with lecturers.
  • The New Deep Sea Port will gulp over 30,000 staff.
  • As people travel into the area and move out, the new Airport will definitely employ thousands of staff and so on.

All these should be an indicator of possible land appreciation at Ibeju Lekki in the coming years and I am sure you wouldn’t like to miss this massive opportunity. A lot of people that took the old Victoria Island and Lekki land offers for granted, when it sold for less than N1 million, are now regretting the profit they would have been enjoying stress-free. A plot of land in these areas are currently selling for N100 million with some generating more than N50 million rental income on an annual basis.

Read this – Cheap Land For Sale In Lagos With C of O

We have several properties in Ibeju Lekki axis selling for rock-bottom prices compared to similar plots of a land area like Lekki, Ikoyi, Victoria Island after taking the above projections into consideration.

Remember these high-brow areas started like this and now you can’t get a plot of land below N15 million naira.

Whichever method you explore to buy cheap land for sale at Ibeju Lekki, our land acquisition with C of O is designed to suit investors who want outright or part payment plan.

How To Make Money Off Your Vacant Land In Lagos State

This article highlights ways to make money on your vacant land now with 4 practical examples you can explore.

Now that you have finally decided to take your own share of the property market in Lagos by buying plots of land what happens next? should you just leave it like that and wait for the price to appreciate or start building immediately? This is a question first-time investors ask when they are not sure what they want to do with the land after a successful acquisition.

See: 5 things to consider before buying a land in Lagos

One thing I have always mentioned here on is that now is the best time to invest in the booming property market in Nigeria especially in fast-growing cities like Lagos. The Lagos state government has embarked on several developmental projects that will open the state to the rest of the world and turn it into a mega city. Already the influx of new investors from around the world is a major pointer, forget the report that was published by National Bureau of statistics that the country’s FDI is falling, Lagos state is attracting billions of investments from private investors. The truth is, business thrive where population growth is high, there are lots of sectors that benefit from population explosion in which real estate is the number one. Currently, the housing deficit in Lagos is estimated at 2.5million which is not unconnected to the state population of 21 million, a problem that doubles as an opportunity for land buyers and property investors looking for an attractive return on investment in the shortest period.

I only did a brief recap of what few investors see in Lagos state before investing billions of Naira. So, whenever you find yourself asking whether it’s right to buy plots of land in Lagos, this analysis should help you answer that. Besides, I am going to share what tips on how you can also make money on your vacant right after purchase.
Ways to Make Money On Your Vacant Land In Lagos

4 Ways To Make Money On Your Vacant Land

  1. Turn it into an event or wedding centre where people, who don’t have the big cash to spend on an event hall, will use for their wedding or local events. You can ask for the estimated cost of renting a hall around the area and fix a fair price that is affordable for your customers.
  2. Explore your vacant land for agricultural activities and livestock rearing by employing farmers who would study the environment and recommend the best crop to grow or animal to rear with a high conversion rate.
  3. You can also rent it to companies looking for factories to build while they pay you an agreed annual lease for a specific period. A lot of investors are reaping fat returns from leasing their property to manufacturing companies. Even some telecom operators have used this strategy to expand their network to people in rural communities for a huge payout.
  4. Another area you can also try out of there are lots of offices around or business activities in your area are car park business. A lot of people are always looking for a convenient and safe place to park their cars all through the night or for a short period which presents a profitable business opportunity for landowners to monetize their space.

While these 4 Ways to make money on your vacant land in Lagos state will help you raise additional cash to fund your building project you can also view an additional land offers that are available for sales in fast-growing areas.

Why You Should Buy Estate Land For Sale In Lagos Nigeria

Estate land for sale in Lagos Nigeria is the most affordable property offer you can buy to invest your way to a successful real estate journey. Don’t just rush to buy a land because it is located in a developed area, use this guide to investing in your first land without falling into the net of fraudulent sellers.

As a beginner or first-time land investor or buyer, one common mistake you can easily make even after you have armed yourself with a relevant guide on property purchases in Lagos state is when you choose to buy landed property in an area that is completely isolated or where you are the only one involved in such transaction. There is a high chance that you could be sold a fake land or property that is already owned by someone else and such result in loss of your money.

This situation is akin to what happens to a bunch of brooms; it can easily be broken when separate but as a whole, you might not find it easy to do. As simple and concise the lesson learned from this assertions is, it’s enough to save you land buyers or investors millions of Naira that would have been lost in shady deals.

The core message I am passing across to you is this; “don’t buy your first property in isolation, go for estate land for sale in Lagos Nigeria”,

What is an Estate Land in Lagos? This is a large expanse of land with Global C of O and earmarked for a proposed estate with interested buyers looking for a share of the plots available. For instance, Lekki Phase 2 was a hectare that was initially underdeveloped until a real estate developer designed an approved layout, mapped out plots of land with specific land sizes and offered it as a package for sale to current occupiers or owner.

One thing you should know about buying plots from a hectare with Global C of O is that you don’t need another C of O again since it’s already covered by the former, what you need is a Deed of assignment and Governors’ Consent.

estate land for sale in lagos nigeria

These are 3 key reasons you should buy estate land for sale in Lagos Nigeria

Most of the land available for sale in Lagos within a planned estate property layout which offer lots of opportunities for you to enjoy the following benefits.

  • Cheap Land Offers With Less Risk – Estate land in Lagos is always available in bulk (hectares) which is the reason prices are always cheaper compared to isolated land transactions located in either an already developed region. Right now, there are inventories of virgin land in proposed estates at Ibeju Lekki selling between N500,000 – N4.5 million per plots with projections revealing over 200% potential returns for investors in 2 years and more than 500% in 10 years. Also, real estate Land packages offered to mass real estate buyers tend to come with trust as most of the time, it’s always difficult to dupe or sideline group of educated investors compared to a single buyer. Knowing fully well that there could be military personnel, top-class citizens and government officials, a real estate agent who is concerned about their brand and public perception would make sure all necessary documentation, registrations, and approvals are intact before accepting cash from their clients.
  • The additional benefit for being among the crowd

Being among a group of real estate buyers comes with its own advantage which you may ordinarily not enjoy as a single property buyer. There is room to share collective information, ask questions, and be alerted of potential danger when you spot an attractive, too-good-to-be-true deal. Also, security of your property is guaranteed as most proposed estate layout is always fenced to keep Omo Nile boys or third parties from unauthorised access.

During physical inspections, you might not see a flaw in the location or topography but could be alerted when you belong to a group of interested investors since everyone has diverse knowledge on the best place to buy land in Lagos Nigeria

  • Collective responsibilities and reduced running cost

There is also the benefit of sharing cost which is far better than bearing it alone. For instance, utility charges, and other recurring costs could be expensive if you are staying alone or living with your family in an area and less expensive when it is shared among a group of property owners living an estate.

While these advantages of buying an estate land for sale in Lagos Nigeria will help you find cheaper virgin land in developing areas with no risk of fraud or scam, and save running cost, you can also scan through all the properties handpicked for you to get started in your real estate investment business.

How To Know Whether A Land For Sale In Lagos Is Genuine

Use the tips mentioned here to know whether a land for sale in Lagos is genuine or not so you don’t fall into the wrong hands.

If you are a Nigerian living outside the country and are looking for the best self-guided steps to buy your first Land in Lagos Nigeria, this real estate blog will help you understand what it takes to be a land owner in Lagos without tasting the risk of scam or fraudulent sellers.

For Available Land For Sale In Lagos Nigeria – WhatsApp or Call – Oge, 08084219399

We have covered key areas of Land purchases in Lagos including various documents you must ask for before proceeding to make payment into a real estate company’s account.

After due diligence and verifications, you may still want to ask what if the Land is not authentic, how do I know if a land for sale is genuine? This is another critical information you need to arm yourself with so that wherever you are, you can still do an independent verification of the property you are about to pay for.

The truth is, if you buy a land that is not from a genuine seller, be rest assured that your hard-earned money will be lost to scammers.

Here is how to know whether a land for sale in Lagos is genuine

  • The documents conferring the title on the said owner must be complete and no single one is missing. We have shared 6 important legal papers you shouldn’t ignore if you want to avoid making mistakes when buying property in Lagos. These are receipts, approved survey plan, power of attorney, and global certificate of occupancy (C of O).
  • Read – Cheap Land For Sale In Lagos With C of O
  • Be sure that the individual managing the property has a title (power of attorney) that authorises him or her to sell to an interested buyer. You will find this when you study the deed of assignment as it contains the history ownership transfers up to the current seller or owner. For a real estate developer, the global C of O or approved survey plan already covers everything.
  • Whatever document you receive from the seller, present it to your property lawyer so that he can do a verification check with Lagos state land registry at Alausa.

As culled from, here is another easier way to conduct a search at Lagos registry for a particular land or property for sale.

  • Write an application letter to the Registrar of Titles. This application will contain the particulars of the property like the name of title owner, registration particulars, the address of property and survey plan of the property.
  • The application will be accompanied by a letter of authority by the said owner of the title authorising the applicant to conduct the search.
  • The application will also be supported by a sworn affidavit declaring the status of the applicant (for instance, as the purchaser’s solicitor) and the purpose of the search.
  • The application, affidavit and letter should be submitted to the Registrar of Titles at the Lands Registry, Alausa.
  • The applicant then proceeds to the search room where a bill is issued.
  • The application will be assessed and the applicant will be required to pay the search fees of N3, 750 (it could be more in some cases depending on where the property is located) at one of the designated banks (Access Bank or Zenith Bank).
  • The search can then be done after payment. Although the search can be done personally by the applicant, in most cases, Lawyers are engaged to conduct the search for speedy and accurate results.  

While these guidelines will help you know whether a land for sale in Lagos is genuine, you can also check our available properties handpicked for you.


Location: Oshoroko town, cherrywood drive of Lekki Free Trade zone road Ibeju Lekki Lagos
Price: ₦4million
Title: Global c of o

Location: Oshoroko town, cherrywood drive of Lekki Free Trade zone road Ibeju Lekki Lagos
Price: ₦4million
Title: Global c of o

Location: Oshoroko town, cherrywood drive of Lekki Free Trade zone road Ibeju Lekki Lagos
Price: ₦2.5million
Title: Global c of o

Location: 3 minutes after La Campaign Tropicana, Akodo ise road Ibeju Lekki Lagos
Price: ₦700k
Title: Registered survey and excision File number

Location: 1 minute after La Campaign Tropicana, Folu Ise, Ibeju Lekki Lagos
Price: ₦850k
Title: Excision in process Registered Survey

*For further conviction, enquiries, inspection booking and/or sighting of the legal documents for verification, kindly give us a call or WhatsApp today – 08084219399

Who Pays Land Use Charge In Lagos State?

Who pays Land Use Charge in Lagos state? Find everything you need to know about Lagos state Land Use Charge, rates, who is expected to pay, property exempted and where to pay your charges.

This is a question a lot of would-be property buyers or investors ask when they want to invest or buy plots of land in Lagos. To some, they think it is the seller otherwise as known as the landlord while others push the obligation to the tenant or buyer which is a conflict I will be answering based on what Lagos state Land Use Charge law states.

But first, let’s do a review of what Land Use Charge is. Land Use Charge (LUC) is a consolidation of all the property and land based rates and charges payable under Lands Rate, Neighbourhood Improvement Charges, and Tenement Rates Law of Lagos State. The law backing the Land Use Charge is the Land Use Charge Law No. 11, of  2011.

According to the law, the charges is designed to generate additional revenue for the government to finance the state as a response to increasing urbanisation.

However, not all property owners are expected to pay this charge under the law, for instance, government-owned land, and properties used for public, charitable and religious activities are not subject to Land Use Charge. But this is applicable when owners of this property have filed for exemption with the State Commissioner of Finance

What is of most concern right now is the administration of the property tax including how fees are calculated and who pays Land Use Charges in Lagos state. Some tenants over the years have been exploited by their landlord by paying additional fees on their rent just to meet the obligations.

Who Pays Land Use Charge In Lagos State?

Under the liability session of the act, the owner is expected to pay the charge but in a situation where the landlord is not in possession of the asset, the switch is turned to the tenants for tax assessment who is then authorised to deduct the applicable fee from the rent payable to the owner of the property.

How much is Land Use Charge in Lagos?

This depends on the property category that is taxable – for commercial properties, it attracts 0.394% of the value. and industrial property attracts 0.132 %. This is only applicable where the landlord is the occupier of the property.

The third category is residential which also depends on whether (1) the landlord is the sole occupier, (2) shared by tenants and owners or (3) fully occupied by tenants only. Assessment of charges will be 0.0394%, 0.132% and 0.394% respectively.

What you should also know about payment of Land Use Charge

Property owners are expected to enjoy 15% discount if payment is made within 15 days of delivery of the First Demand Notice. But if such notice has not been received, he is expected to report to the appropriate Lagos state government channel.

In the case where property owners receive Land Use Charge Bill for the first time with demand for arrear payment, the demand notice with the amount payable is reviewed against proof of delivery of the Land Use Charge Bill on such property for necessary correction. You can register your complaint on

What if you have paid your Tenement rate before the receipt of the Land Use Charge Bill?

Property owners are expected to deduct the amount from the Land Use Charge and remit the outstanding balance. All proof of payment of the remaining balance of the Land Use Charge and Tenement rate should be sent to the appropriate office for onward processing and confirmation. But where the Land Use Bill comes before other rates, Tenement rate, neighbour improvement charges, the Land Use Charge should be settled as it covers these charges.

Land Use Charge or Tax Office In Lagos State

For further inquiries on how to pay your on property tax, you can visit Land Use Charge office at Block 12, Ministry of Finance, Alausa, Ikeja, LGA, Lagos State.

So when next you find someone asking, who pays Land Use Charge in Lagos state, this article should help you explain everything you have learnt about the charges, how much you should be paid, and where you should pay the rate.

5 Things to Consider Before Buying A Land In Nigeria

This article contains 5 things to consider before buying a land in Nigeria

Our top focus here at is to help Nigerians living abroad secure affordable land in a fast growing location here in Lagos, build their dream homes and enjoy consistent cash flow from capital appreciation which is the reason we spend 90% of our time educating our blog visitors how to buy land in Lagos Nigeria without falling victims of scam and fake documents.

From sharing detailed steps on how to spot buy land at cheapest price to key documents you should ask for buying paying for your next private property in a selected location, we strive to position our platform as the number one source for everything land in Lagos.

A lot of Nigerians have paid millions into a real estate company’s account, all in the name of property acquisition and at the end lost everything due to negligence and lack of right information.

In this post, I will be sharing 5 things to consider before buying a land in Nigeria with common mistakes you should avoid making.

Reasons you need to investigate a property before buying in Lagos Nigeria

Don’t just rush to make payment, ask questions, meet people and be well informed about what you are paying for. This will help you:

  • Reveal hidden cost and charges like Land use charges that were accumulated before now.
  • Get all useful information about the size of the land, area, and topography.
  • Know who the real property owners are and key parties in the transactions.
  • Know the current and future development that might affect value; from social amenities, industrialisation, government laws, etc.

5 things to consider before buying a land in Nigeria ( Lagos state as a case study)

  1. Ask for all the key documents and confirm the validity with a property lawyer. Get the seller to send you a photocopy of the following documents: Certificate of Occupancy, Power of Attorney, Tax Clearance Certificate, Approved Survey Plan, and Deed of Assignment. (Read 6 Key Documents To Ask Before Buying). For real estate companies selling a large expanse of land in plots, ask for global C of O.
  2. Investigate all taxes and legal fees relating to the land you want to buy. A land with C of O always attract land use charges, so it’s important that you confirm all charges on the land alongside other charges have been paid by the seller. Once you are satisfied, proceed to the third factor.
  3. Do a physical inspection of the land to verify the authenticity of the documents sent to you. You need to make sure everything stated on the land documents conform with the size of the land, location, and other condition of the property. Also, you can carry out further investigation by looking at the proximity to basic amenities and developing centres, making sure your next neighbour is not a filling station, oil and gas pipeline (route), powerline ( high tension cable) and waterways to avoid flooding.
  4. Assess the trend of land value in that area, so you don’t get your money stuck for long, by comparing what properties or house in the same location are selling for. This will give you an idea of the estimated fair value of plots of land in that region. For instance, when you buy a plot of land in Ibeju Lekki right now, it’s certain the value will go up because the price per plot has been going up for while which is not unconnected to the ongoing construction of Dangote refinery and development of Lekki free trade zone. The offer price was around N300,000 – N350,000 a few years ago but now it’s selling for N1,000,000 – N4,000,000. Though, some emerging areas are still selling for less which you can grab now.
  5. Government regulation and land use control; The very last factor to check after doing the above are whether the area is earmarked by the regulators for industrial estate or development project. This is vital if your intention is residential so that you don’t contravene the law and lose your cash.

And if you are satisfied with what you see, you can then proceed to make full payment and request for your genuine receipt.