Farmland Prices Surge as Urban Expansion Fuels Land Speculation
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Farmland values are climbing rapidly across Nigeria as investors and developers compete for land on urban fringes. Analysts say speculation and fast urban expansion are turning agricultural land into a real estate asset class.
In Nigeria, farmland prices are rising sharply in areas surrounding major cities as demand from housing and infrastructure developers intensifies.
Rapid urbanisation is pushing agricultural land into residential and commercial use, reducing available farmland and driving up prices.
Speculative buying is also increasing, with investors treating farmland as a store of value rather than a productive agricultural asset.
This shift is reshaping local land markets, especially in peri-urban zones where expansion is fastest.
The trend is raising concerns among agricultural stakeholders about long-term food production capacity and access to land for farming.
Experts warn that without clearer land-use planning, farmland may continue shifting from food production toward property development.
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