Why Land Banking Alone Is No Longer Enough in Nigeria

by Enitan

For years, land banking has been considered a tried-and-true investment strategy in Nigeria. It’s a straightforward approach: purchase land in a promising location, wait for urban development to catch up, then resell at a profit. But while this model still has merit, it is increasingly outdated and insufficient for serious investors looking to maximize returns.

At Buyfarm.ng, we’ve seen it all. We’ve worked with clients who bought land in the early 2010s and have yet to realize any significant value from it. Meanwhile, others who invested in income-generating farmland through our platform began earning steady passive income while their land continued to appreciate.

Here’s the key insight: idle land is an underperforming asset. When you simply buy and hold, you’re sitting on capital that could be working for you. The cost of maintenance, land security, taxes, and opportunity loss adds up over the years. Now imagine turning that land into a living, breathing farm—producing cocoa or oil palm that yields annual income.

Land banking alone banks on time. But modern agricultural investment banks on time and productivity.

Take for example one of our early adopters, Tunde, a diaspora client based in Canada. He invested in 3 cocoa plots through us in 2021. By 2024, those plots had matured, and he was earning income from the harvests. Not only was his land appreciating, but he also received quarterly payouts—something land banking could never deliver on its own.

This is not just about farmland. It’s about a smarter approach to land ownership. A hybrid of traditional investment wisdom and modern cash-flow thinking.

Don’t just bank your land. Make it earn for you.

Explore our farmland offerings today and start earning from your land right away

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