Farmland values across the country have continued to rise with an acre selling for between N600,000 and N2 million depending on the area. Since 2020, the average value of farmland has gone up by 100 per cent in places like Badagry, Ikorodu, in Lagos, Iseyin in Oyo State and Papalanto in Ogun State. This, however, is not supported by strong farm cash to warrant the increases. For instance, two acres of farmland were put up for sale at N3.6 million at Atan, Ota, Ogun State. These would have been half the price in 2018. Acres of farmland for sale at Siun, Ogun State, off Lagos-Ibadan Expressway, are selling for N1.5 million per acre. In Ijebu, Ogun State, an acre of farmland sold for N500,000.
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