The Lagos Life Ikorodu Land is the cheapest way into land, a half plot with the biggest omo-onile risk, bought on the promise of a new road. The half plot costs ₦1,500,000 and grows 2% a week, compounding. There is a 35% chance the omo-onile demand ₦150,000 when you buy.
Compare all five plots on the Lagos Life land page, or weigh land against a business.
| Plot | Half plot |
|---|---|
| Price | ₦1,500,000 |
| Growth | 2% a week |
| Omo-onile chance | 35% |
| Omo-onile fee | ₦150,000 |
| Sale fee | 5% |
| Break-even | 3 weeks |
Lagos Life Ikorodu Land Value Over Time
| After | Value | Sale after fee | Profit |
|---|---|---|---|
| 1 week | ₦1,530,000 | ₦1,453,500 | -₦46,500 |
| 4 weeks | ₦1,623,648 | ₦1,542,466 | ₦42,466 |
| 8 weeks | ₦1,757,489 | ₦1,669,615 | ₦169,615 |
| 12 weeks | ₦1,902,363 | ₦1,807,245 | ₦307,245 |
| 26 weeks | ₦2,510,127 | ₦2,384,621 | ₦884,621 |
| 52 weeks | ₦4,200,492 | ₦3,990,468 | ₦2,490,468 |
Value grows once every real week. Selling costs 5% of the value, so the plot needs 3 weeks just to cover the fee.
Lagos Life Ikorodu Land and the Omo-Onile
When you buy, there is a 35% chance the local land owners turn up for "foundation money": ₦150,000, 10% of the price. If they do, break-even moves from 3 to 8 weeks.
Is the Lagos Life Ikorodu Land Worth It?
After a year it is worth about ₦4,200,492. Land needs no work and no daily login, but it pays nothing until you sell, while a business pays every day. More options in how to make money in Lagos Life.
Lagos Life Ikorodu Land FAQ
How much is Ikorodu land?
₦1,500,000 for a half plot.
How fast does Ikorodu land grow?
2% a week, compounding, worth ₦1,902,363 after 12 weeks.
When should I sell?
Not before week 3, when the sale fee is covered.