Agricultural Land Prices by Country: 5 Cheapest Places

2. Nigeria

Price per hectare: $700

Approximately 78% of Nigeria’s land is dedicated to agriculture, and about 30% of the population is employed in the sector. The agriculture sector contributes 17% to the nation’s GDP. Nigeria permits foreign ownership of agricultural land, but this requires written permission from the local governor. There is also a limitation placed on the size of land foreign individuals or entities can own, which is set at 500 hectares.