Top Locations for Property Investment in Ogun State
Introduction
Ogun State has rapidly transformed from a quiet neighbour of Lagos into one of Nigeria’s fastest-growing real estate destinations. Strategically positioned along the Lagos–Ibadan and Lagos–Abeokuta corridors, the state enjoys excellent connectivity, industrial growth, and massive migration from Lagos residents seeking affordable housing and investment opportunities.
For both local and diaspora investors, Ogun State presents an ideal environment for long-term property growth and high Return on Investment (ROI). The challenge, however, is knowing where to invest — because not all areas appreciate equally or carry the same legal and infrastructural advantages.
This detailed guide by Chaman Law Firm, a leading property and real estate advisory in Ogun and Lagos, explores the top locations for profitable property investment in Ogun State, what drives their growth, and how to invest safely.
1. Arepo – The New Gateway to Lagos
Arepo has become one of the most sought-after real estate corridors in Southwest Nigeria. Known as “New Lagos”, Arepo sits just a few minutes after the Lagos-Ibafo border, offering urban comfort and proximity to the commercial capital without the congestion.
Key Features
Well-planned estates such as Journalists Estate Phases 1 & 2, VOERA, and Orange Estate.
Tarred roads, streetlights, and drainage networks.
Constant demand from Lagos professionals working in Ikeja, Ojodu, and Berger.
Rapid appreciation — plots that sold for ₦6 million in 2018 now exceed ₦25 million.
Investment Opportunities
Luxury duplex developments for rent or resale.
Short-let apartments for Lagos commuters.
Land banking for future high-end projects.
Average ROI: 80 – 150 % in 4–6 years.
2. Mowe – The Emerging Residential Capital
Mowe has experienced explosive growth thanks to its affordable pricing, accessibility from Lagos, and multiple estate developments along the Lagos–Ibadan Expressway.
Why Investors Love Mowe
Ongoing expansion of the Lagos–Ibadan Expressway.
Federal and private estates such as Redemption Camp City, Christopher University area, and Treasure Parks & Gardens.
Booming rental market for workers commuting to Lagos.
Investment Ideas
Buy-and-hold land investment.
Middle-income housing estates.
Hostels and short-lets near Redemption Camp.
Average ROI: 60 – 120 % in 3–5 years.
3. Ibafo – The Fast-Link Suburb
Ibafo lies between Mowe and Arepo, making it an excellent midpoint with solid infrastructure. It’s ideal for investors who want fast resale turnover and consistent appreciation.
Highlights
Access to both Lagos and Ogun amenities.
Growing demand from young families relocating from Lagos.
Ongoing private estate projects: Sparklight Estate, RCCG Staff Estate, and more.
Average ROI: 70 – 110 % in 4 years.
4. Magboro – The Upcoming Tech & Residential Zone
Magboro’s proximity to Ikeja and the Ojodu axis has made it attractive for both residential and commercial investors. The area’s value surged with the Lagos–Ibadan Rail Line and expressway expansion.
Opportunities
Gated mini-estates for professionals.
Shopping complexes and small commercial plazas.
Apartment blocks for rent to Lagos workers.
Average ROI: 50 – 100 % within 5 years.
5. Sagamu – Ogun’s Industrial Powerhouse
Sagamu is home to major industries and serves as an interchange connecting Lagos, Ibadan, Benin, and Abeokuta. Investors flock here because of the industrial estates, Dangote Cement Plant, and Sagamu Interchange City Project.
Key Drivers
Industrial expansion attracting thousands of workers.
Excellent road network and logistics hub status.
Government-approved layouts for housing and factories.
Best Investment Options
Residential estates for industrial staff.
Warehouses and logistics centres.
Land banking for future resale to factories.
Average ROI: 70 – 130 % in 3–6 years.
6. Agbara – The Industrial and Manufacturing Capital
Agbara sits strategically between Lagos and Ogun and hosts Nigeria’s largest industrial estate. Companies like Nestlé, Unilever, and Procter & Gamble drive constant housing and commercial demand.
Why Agbara is a Smart Investment
Heavy corporate presence ensures rental stability.
Government focus on industrial expansion.
Growing demand for residential and logistics facilities.
Ideal Projects
Worker housing estates and apartments.
Commercial buildings for logistics companies.
Serviced plots for long-term appreciation.
Average ROI: 60 – 120 % in 5 years.
7. Abeokuta – The State Capital Advantage
Abeokuta combines the heritage of a historic city with modern expansion driven by education, commerce, and administration.
Growth Drivers
Multiple tertiary institutions and civil-service demand.
Ongoing road projects linking Abeokuta to Sagamu and Lagos.
Expansion of elite neighborhoods like Laderin, Obada-Oko, and Idi-Aba.
Investment Options
Rental properties for students and civil servants.
Land near developing areas for appreciation.
Guesthouses and hotels for tourism.
Average ROI: 30 – 70 % in 5 years (steady growth).
8. Ewekoro – Industrial Development Hub
Ewekoro’s economy revolves around cement and mining, led by Dangote and Lafarge plants. It’s emerging as a robust residential area for industrial employees.
Investment Highlights
Affordable land with fast appreciation potential.
High rental demand for factory workers.
Strong government interest in industrial infrastructure.
Average ROI: 50 – 90 % over 4 years.
9. Ilaro – The Next Frontier for Affordable Housing
Located near the Ogun–Benin border, Ilaro is gaining attention for its affordability and growing tertiary population (Federal Polytechnic Ilaro).
Why It’s Promising
Youth population ensures rental demand.
Increasing infrastructure investments.
Untapped potential for student housing projects.
Average ROI: 40 – 80 % in 5 years.
10. Ota – Industrial and Commercial Real Estate Hotspot
Ota, the home of Covenant University and multiple manufacturing plants, is an established real estate location.
Features
Access to Lagos via Idiroko Road.
Strong commercial base with consistent rental returns.
Proximity to major factories and educational institutions.
Best Investments
Mini-flats and duplex rentals.
Hostels and staff housing.
Commercial land for warehouses.
Average ROI: 50 – 100 % within 5 years.
Emerging Investment Corridors to Watch
Ayetoro–Ilisan Axis: New estates developing along the road to Babcock University.
Owode–Egba–Obafemi Area: Affordable plots with fast-growing demand.
Iperu–Remo Corridor: Gaining popularity due to Governor Dapo Abiodun’s home base and new infrastructure.
These areas remain relatively cheap now but may appreciate by 200 %–300 % within the next decade.
Factors Driving Ogun State’s Real Estate Boom
Proximity to Lagos Metropolis.
Industrialization and Employment Growth.
Affordable Land Prices Compared to Lagos.
Improved Road Networks and Infrastructure.
Government Housing Schemes and PPP Projects.
Massive Migration from Lagos to Ogun Border Towns.
Investment by Diaspora Nigerians.
Legal and Documentation Requirements for Investors
To invest safely and enjoy full ROI, always comply with Ogun State property laws.
Key Legal Steps
Conduct Due Diligence Search at the Ogun State Bureau of Lands and Survey.
Obtain a Registered Survey Plan.
Execute a Deed of Assignment between seller and buyer.
Apply for Governor’s Consent under the Land Use Act (1978).
Perfect registration at the Land Registry.
Verify that land is free from government acquisition.
Engage a Property Lawyer (like Chaman Law Firm) to manage the transaction.
Case Study: Investment Growth in the Mowe–Arepo Axis
Between 2017 and 2024, land prices in Arepo rose from ₦5 million to over ₦25 million per plot. During the same period, Mowe plots grew from ₦1.5 million to ₦6 million.
An investor who purchased 5 plots at ₦1.5 million each in 2017 (₦7.5 million total) could now sell them for ₦30 million — an ROI exceeding 300 % in seven years.
This trend demonstrates how early investment in the right Ogun locations guarantees exponential growth.
Tips for Profitable Property Investment in Ogun State
Buy Early: Early investors enjoy the highest appreciation.
Verify All Documents: Never rely solely on family receipts.
Engage Reputable Developers and Lawyers.
Invest in Locations with Infrastructure Projects.
Diversify: Combine residential, commercial, and land banking investments.
Register Your Title: Ensures resale and loan opportunities.
Avoid Disputed or Omonile Land.
Use Professionals for Building and Approvals.
Risks to Avoid
Buying from unauthorized family members.
Unregistered or fake land titles.
Ignoring soil tests or environmental considerations.
Neglecting building approvals.
Failing to verify estate developer authenticity.
Professional legal guidance prevents these costly mistakes.
Frequently Asked Questions (FAQs)
Q1: Which area in Ogun State gives the highest ROI?
Arepo, Mowe, and Sagamu currently lead in appreciation due to infrastructure and Lagos proximity.
Q2: Is land in Ogun State safe to buy?
Yes, provided you conduct due diligence and process proper documents.
Q3: Can non-indigenes buy property in Ogun?
Absolutely. Ogun welcomes all investors under Nigerian property law.
Q4: What is the minimum investment to start?
You can start from ₦1 million – ₦2 million in emerging areas like Ewekoro or Ilaro.
Q5: How do I confirm a developer is genuine?
Ask for CAC registration, layout approval, and verify through the Bureau of Lands.
The Role of Chaman Law Firm in Property Investment
At Chaman Law Firm, we specialize in helping investors:
Conduct legal and physical due diligence.
Verify and perfect property titles.
Draft and review purchase or joint venture agreements.
Resolve property disputes.
Secure Governor’s Consent and documentation.
We combine legal expertise and real estate experience to ensure our clients invest safely and profitably.
Conclusion
Ogun State remains one of Nigeria’s most promising real estate markets — strategically located, industrially vibrant, and increasingly urbanized. From Arepo and Mowe to Sagamu and Agbara, every investor can find an opportunity that suits their budget and goals.
However, the difference between profit and loss often lies in proper legal guidance and strategic timing. By working with qualified property lawyers and advisors, you can secure high-yield investments while avoiding costly pitfalls.
Call to Action
Are you ready to invest in Ogun State real estate and enjoy exponential growth? Let us help you make informed, legally secure, and profitable decisions.
