Industrial Growth Is Reshaping Ibadan’s Land Market
BY: Landnest Homes And Properties
BY: Landnest Homes And Properties
Friday, January 16, 2026
January 16, 2026
Cities grow in layers. First comes settlement, then commerce, then governance. But one of the most powerful—and often underestimated—forces of urban growth is industry. Factories and processing plants create jobs, attract workers, drive infrastructure, and ignite demand for housing and commerce. Where industry takes root, land follows suit.
In Ibadan, this truth is playing out with striking clarity. The Oluyole Industrial Estate, established decades ago, has grown into a hub of manufacturing and agro-allied activity. In recent years, expansions across Oluyole, Apata, Egbeda, and Ido are accelerating a shift: suburban land values are rising, and the pace of appreciation is faster than ever before.
For investors, this is a wake-up call. Ibadan is no longer just a city of tradition and academia. It is becoming an industrial and commercial frontier. And the land market is responding.
A Brief History of Oluyole Industrial Estate
Oluyole Industrial Estate, situated in Ibadan South West, was established in the 1970s as part of Oyo State’s plan to diversify its economy and harness Ibadan’s strategic location.
What started as a modest cluster of factories gradually expanded into a significant industrial hub. Companies across manufacturing, food processing, pharmaceuticals, packaging, and consumer goods anchored themselves here.
Over the years, the estate became home to:
Food and beverage manufacturers supplying regional markets.
Agro-allied processing plants supporting Oyo State’s farming economy.
Logistics and warehousing hubs connected to the Lagos–Ibadan Expressway.
While many industrial zones across Nigeria suffered neglect, Oluyole survived, and in recent years, it has seen a revival as new investors turn to Ibadan for cheaper operating costs compared to Lagos.
Cities grow in layers. First comes settlement, then commerce, then governance. But one of the most powerful—and often underestimated—forces of urban growth is industry. Factories and processing plants create jobs, attract workers, drive infrastructure, and ignite demand for housing and commerce. Where industry takes root, land follows suit.
In Ibadan, this truth is playing out with striking clarity. The Oluyole Industrial Estate, established decades ago, has grown into a hub of manufacturing and agro-allied activity. In recent years, expansions across Oluyole, Apata, Egbeda, and Ido are accelerating a shift: suburban land values are rising, and the pace of appreciation is faster than ever before.
For investors, this is a wake-up call. Ibadan is no longer just a city of tradition and academia. It is becoming an industrial and commercial frontier. And the land market is responding.
A Brief History of Oluyole Industrial Estate
Oluyole Industrial Estate, situated in Ibadan South West, was established in the 1970s as part of Oyo State’s plan to diversify its economy and harness Ibadan’s strategic location.
What started as a modest cluster of factories gradually expanded into a significant industrial hub. Companies across manufacturing, food processing, pharmaceuticals, packaging, and consumer goods anchored themselves here.
Over the years, the estate became home to:
Food and beverage manufacturers supplying regional markets.
Agro-allied processing plants supporting Oyo State’s farming economy.
Logistics and warehousing hubs connected to the Lagos–Ibadan Expressway.
While many industrial zones across Nigeria suffered neglect, Oluyole survived, and in recent years, it has seen a revival as new investors turn to Ibadan for cheaper operating costs compared to Lagos.
The New Wave of Industrial Growth
Several trends are fueling Ibadan’s new industrial story:
1. Lagos Spillover Effect
As Lagos becomes congested and expensive, companies are relocating or expanding to Ibadan. The improved Lagos–Ibadan Expressway makes it easier to operate in Ibadan while still serving Lagos markets.
2. Agricultural Proximity
Ibadan’s surrounding farmlands supply raw materials for agro-allied industries. Cassava, maize, poultry, and cash crops feed directly into factories in Oluyole and Egbeda.
3. Infrastructure Improvements
Road projects, bridge expansions, and the Lagos–Ibadan rail line are reducing transport times. Industrial estates benefit directly when goods and workers move easily.
4. Government Incentives
Oyo State has been actively promoting investment, offering land, and simplifying processes for companies that establish industries.
5. New Clusters Emerging
Beyond Oluyole, industrial activity is spreading toward Apata, Ido, and Egbeda. Warehouses, factories, and logistics depots are creating new economic corridors.
How Industry Is Changing the Land Market
The link between factories and land values is straightforward: where people work, they must live. Where industry creates jobs, housing demand follows. Where demand grows, land values rise.
Here’s how Ibadan’s industrial growth is pushing up suburban land prices:
Housing Demand: Workers and middle managers want affordable housing near factories. Estates spring up in response, increasing land demand.
Commercial Spaces: Shops, markets, and service businesses follow workers, raising the value of land for mixed-use.
Infrastructure Magnet: Roads and utilities expand to support industry, improving accessibility for previously remote suburbs.
Speculative Interest: Investors anticipate growth and rush to secure plots early, further raising prices.
In Apata, Ido, and Egbeda, land prices that were stagnant a decade ago are now rising steadily. What was once “bush” is now “prime.”
Case Studies: Suburbs on the Rise
Ido Local Government
Once rural, Ido is now home to expanding estates. Its proximity to industrial corridors has made it attractive for new developers. Families are moving in, and land prices are climbing.
Egbeda
Benefiting from both industrial expansion and its link to Ibadan’s eastern corridor, Egbeda has seen steady land appreciation. Government layouts and estate developments are multiplying.
Apata and Olodo
Close to Oluyole Industrial Estate, these areas are hotspots for affordable land banking. Investors who bought land five years ago are now recording significant gains.
The New Wave of Industrial Growth
Several trends are fueling Ibadan’s new industrial story:
1. Lagos Spillover Effect
As Lagos becomes congested and expensive, companies are relocating or expanding to Ibadan. The improved Lagos–Ibadan Expressway makes it easier to operate in Ibadan while still serving Lagos markets.
2. Agricultural Proximity
Ibadan’s surrounding farmlands supply raw materials for agro-allied industries. Cassava, maize, poultry, and cash crops feed directly into factories in Oluyole and Egbeda.
3. Infrastructure Improvements
Road projects, bridge expansions, and the Lagos–Ibadan rail line are reducing transport times. Industrial estates benefit directly when goods and workers move easily.
4. Government Incentives
Oyo State has been actively promoting investment, offering land, and simplifying processes for companies that establish industries.
5. New Clusters Emerging
Beyond Oluyole, industrial activity is spreading toward Apata, Ido, and Egbeda. Warehouses, factories, and logistics depots are creating new economic corridors.
How Industry Is Changing the Land Market
The link between factories and land values is straightforward: where people work, they must live. Where industry creates jobs, housing demand follows. Where demand grows, land values rise.
Here’s how Ibadan’s industrial growth is pushing up suburban land prices:
Housing Demand: Workers and middle managers want affordable housing near factories. Estates spring up in response, increasing land demand.
Commercial Spaces: Shops, markets, and service businesses follow workers, raising the value of land for mixed-use.
Infrastructure Magnet: Roads and utilities expand to support industry, improving accessibility for previously remote suburbs.
Speculative Interest: Investors anticipate growth and rush to secure plots early, further raising prices.
In Apata, Ido, and Egbeda, land prices that were stagnant a decade ago are now rising steadily. What was once “bush” is now “prime.”
Case Studies: Suburbs on the Rise
Ido Local Government
Once rural, Ido is now home to expanding estates. Its proximity to industrial corridors has made it attractive for new developers. Families are moving in, and land prices are climbing.
Egbeda
Benefiting from both industrial expansion and its link to Ibadan’s eastern corridor, Egbeda has seen steady land appreciation. Government layouts and estate developments are multiplying.
Apata and Olodo
Close to Oluyole Industrial Estate, these areas are hotspots for affordable land banking. Investors who bought land five years ago are now recording significant gains.
The Numbers Speak
While exact figures vary by estate and location, agents across Ibadan report:
Suburban land values increasing by 15–25% annually in areas near industrial zones.
Plots that sold for ₦500,000 a few years ago now commanding ₦1.5M–₦2.5M.
Estate developments in Egbeda and Apata offering structured payment plans to meet growing demand.
The direction is clear: as industry grows, land prices follow upward.
What This Means for Investors
Opportunities
Early Entry: The best returns are secured by buying before full industrial expansion.
Diversification: Land near industrial estates offers a blend of residential and commercial potential.
Long-Term Security: Unlike volatile investments, land in industrial corridors tends to hold and grow steadily.
Risks
Unverified Plots: Rapid growth attracts land scams. Documentation and surveys are essential.
Infrastructure Delays: Some promises of road projects take time. Investors must have patience.
Overcrowding: As demand spikes, some estates may become congested without proper planning.
The Numbers Speak
While exact figures vary by estate and location, agents across Ibadan report:
Suburban land values increasing by 15–25% annually in areas near industrial zones.
Plots that sold for ₦500,000 a few years ago now commanding ₦1.5M–₦2.5M.
Estate developments in Egbeda and Apata offering structured payment plans to meet growing demand.
The direction is clear: as industry grows, land prices follow upward.
What This Means for Investors
Opportunities
Early Entry: The best returns are secured by buying before full industrial expansion.
Diversification: Land near industrial estates offers a blend of residential and commercial potential.
Long-Term Security: Unlike volatile investments, land in industrial corridors tends to hold and grow steadily.
Risks
Unverified Plots: Rapid growth attracts land scams. Documentation and surveys are essential.
Infrastructure Delays: Some promises of road projects take time. Investors must have patience.
Overcrowding: As demand spikes, some estates may become congested without proper planning.
Lessons from Ibadan’s Growth
Industry Drives Cities: From Manchester to Lagos, industrialization has always pushed land appreciation. Ibadan is no different.
Suburbs Are the Future: What is farmland today becomes city tomorrow. Industrial hubs accelerate that timeline.
Timing Is Key: Investors who wait until everyone sees the opportunity often pay the highest prices.
Landnest’s Role in the Story
At Landnest, we are not passive observers of Ibadan’s transformation—we are active participants. Our estates in Ido, Egbeda, and Olodo are strategically located to benefit from industrial expansion while remaining affordable for first-time buyers and diaspora investors.
We provide:
Documented land with registered surveys and transparent allocation.
Flexible payment plans that make investment possible for workers, families, and young professionals.
Estate infrastructure that ensures communities thrive near industrial corridors, not just survive.
Our mission is simple: help Nigerians secure economic independence by owning land where growth is happening, not where it has already peaked.
Lessons from Ibadan’s Growth
Industry Drives Cities: From Manchester to Lagos, industrialization has always pushed land appreciation. Ibadan is no different.
Suburbs Are the Future: What is farmland today becomes city tomorrow. Industrial hubs accelerate that timeline.
Timing Is Key: Investors who wait until everyone sees the opportunity often pay the highest prices.
Landnest’s Role in the Story
At Landnest, we are not passive observers of Ibadan’s transformation—we are active participants. Our estates in Ido, Egbeda, and Olodo are strategically located to benefit from industrial expansion while remaining affordable for first-time buyers and diaspora investors.
We provide:
Documented land with registered surveys and transparent allocation.
Flexible payment plans that make investment possible for workers, families, and young professionals.
Estate infrastructure that ensures communities thrive near industrial corridors, not just survive.
Our mission is simple: help Nigerians secure economic independence by owning land where growth is happening, not where it has already peaked.
A Visionary Future: Ibadan as an Industrial Powerhouse
In 1960, Ibadan played a central role in Nigeria’s independence. In 2025 and beyond, Ibadan is poised to play another central role: becoming Nigeria’s industrial and residential frontier.
Factories will hum. Roads will expand. Families will move. Communities will grow. And land—the foundation of it all—will continue to appreciate in value.
The investors who see this now, and act, will write tomorrow’s success stories.
Conclusion: The Ground Is Shifting—Own It
Ibadan’s industrial growth is not an abstract concept. It is happening now, in Oluyole Industrial Estate and across the city’s suburbs. Land values are climbing, opportunities are multiplying, and the window for affordable entry is narrowing.
This Independence season, as Nigeria reflects on freedom and progress, there is no better time to claim your share of Ibadan’s future.
📞 Send “INDUSTRY” via WhatsApp today to speak with a Landnest advisor and secure documented land in Ibadan’s fastest-growing corridors.
Affordable Estates in Moniya and Igbo-Oloyin: The Next Frontier for Young Buyers
A Visionary Future: Ibadan as an Industrial Powerhouse
In 1960, Ibadan played a central role in Nigeria’s independence. In 2025 and beyond, Ibadan is poised to play another central role: becoming Nigeria’s industrial and residential frontier.
Factories will hum. Roads will expand. Families will move. Communities will grow. And land—the foundation of it all—will continue to appreciate in value.
The investors who see this now, and act, will write tomorrow’s success stories.
Conclusion: The Ground Is Shifting—Own It
Ibadan’s industrial growth is not an abstract concept. It is happening now, in Oluyole Industrial Estate and across the city’s suburbs. Land values are climbing, opportunities are multiplying, and the window for affordable entry is narrowing.
This Independence season, as Nigeria reflects on freedom and progress, there is no better time to claim your share of Ibadan’s future.
📞 Send “INDUSTRY” via WhatsApp today to speak with a Landnest advisor and secure documented land in Ibadan’s fastest-growing corridors.
Affordable Estates in Moniya and Igbo-Oloyin: The Next Frontier for Young Buyers
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LET’S GET IN TOUCH
The Ultimate Real Estate Investment Provider
Discover the unthinkable return of investment on real estate. We are committed to making this journey a seamless experience for you.
Visit Us at
Head Office:
No 2, Dele Adetoro Street, Bodija Ibadan.
Branch Office:
Suite 101 Block C, Akord Shopping Mall, Along Lekki_Epe, Expressway Bogije, Ibeju-Lekki, Lagos State.
EFCC via its Special Control Unit Money Laundering (SCUML)
We are also accredited by the Real Estate Developers Association of Nigeria (REDAN)
Registered with Corporate Affairs Commission, Nigeria (RC:7080017)
© LandNest Homes & Properties. 2024.
LET’S GET IN TOUCH
The Ultimate Real Estate Investment Provider
Discover the unthinkable return of investment on real estate. We are committed to making this journey a seamless experience for you.
Visit Us at
Head Office:
No 2, Dele Adetoro Street, Bodija Ibadan.
Branch Office:
Suite 101 Block C, Akord Shopping Mall, Along Lekki_Epe, Expressway Bogije, Ibeju-Lekki, Lagos State.
Registered under EFCC via its Special Control Unit Money Laundering (SCUML)
We are also accredited by the Real Estate Developers Association of Nigeria (REDAN)
Registered with Corporate Affairs Commission, Nigeria (RC:7080017)
© LandNest Homes & Properties. 2024.
LET’S GET IN TOUCH
The Ultimate Real Estate Investment Provider
Discover the unthinkable return of investment on real estate. We are committed to making this journey a seamless experience for you.
Visit Us at
Head Office:
No 2, Dele Adetoro Street, Bodija Ibadan.
Branch Office:
Suite 101 Block C, Akord Shopping Mall, Along Lekki_Epe, Expressway Bogije, Ibeju-Lekki, Lagos State.
EFCC via its Special Control Unit Money Laundering (SCUML)
We are also accredited by the Real Estate Developers Association of Nigeria (REDAN)
Registered with Corporate Affairs Commission, Nigeria (RC:7080017)
© LandNest Homes & Properties. 2024.
LET’S GET IN TOUCH
The Ultimate Real Estate Investment Provider
Discover the unthinkable return of investment on real estate. We are committed to making this journey a seamless experience for you.
Visit Us at
Head Office:
No 2, Dele Adetoro Street, Bodija Ibadan.
Branch Office:
Suite 101 Block C, Akord Shopping Mall, Along Lekki_Epe, Expressway Bogije, Ibeju-Lekki, Lagos State.
EFCC via its Special Control Unit Money Laundering (SCUML)
We are also accredited by the Real Estate Developers Association of Nigeria (REDAN)
Registered with Corporate Affairs Commission, Nigeria (RC:7080017)
© LandNest Homes & Properties. 2024.