Registering property: Cost in Nigeria
Nigeria: Registering property: Cost was 11.3% in 2019. ▼ Falling
Registering property: Cost in Nigeria, 2004–2019
Source: World Bank. Measured in % of property value.
Analysis
In 2019, registering property: cost in Nigeria stood at 11.3%. That is the lowest value across all 16 years on record.
That represents a change of down 44.9% over ten years.
Over the whole period, registering property: cost in Nigeria peaked at 22.7% in 2007 and was at its lowest, 11.3%, in 2015.
Nigeria ranks 18th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Registering property: Cost in Nigeria, year by year
| Year | % of property value | Change |
|---|---|---|
| 2004 | 22.5% | — |
| 2005 | 22.5% | +0.0% |
| 2006 | 21.2% | -5.8% |
| 2007 | 22.7% | +7.1% |
| 2008 | 22.6% | -0.4% |
| 2009 | 20.5% | -9.3% |
| 2010 | 20.6% | +0.5% |
| 2011 | 20.5% | -0.5% |
| 2012 | 20.4% | -0.5% |
| 2013 | 18.4% | -9.8% |
| 2014 | 18.3% | -0.5% |
| 2015 | 11.3% | -38.3% |
| 2016 | 11.3% | +0.0% |
| 2017 | 11.3% | +0.0% |
| 2018 | 11.3% | +0.0% |
| 2019 | 11.3% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.0% | 20.5% | 22.7% | 6 |
| 2010s | 15.5% | 11.3% | 20.6% | 10 |
Countries ranked near Nigeria
- 15 Bahamas 11.8% compare
- 15 Saint Vincent and the Grenadines 11.8% compare
- 17 Gabon 11.5% compare
- 19 Mali 11.1% compare
- 20 Central African Republic 11.0% compare
- 21 Saint Kitts and Nevis 10.9% compare
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is registering property: cost in Nigeria?
- Registering property: cost in Nigeria was 11.3% in 2019, according to the World Bank.
- What is the highest registering property: cost recorded in Nigeria?
- The highest recorded value was 22.7% in 2007.
- What is the lowest registering property: cost recorded in Nigeria?
- The lowest recorded value was 11.3% in 2015.
- How does Nigeria rank for registering property: cost?
- Nigeria ranks 18th out of 187 countries with data for 2019.
- Is registering property: cost rising or falling in Nigeria?
- Over the last ten years it is down 44.9%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Registering property: Cost (% of property value). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost is the total of official costs associated with completing the procedures to transfer the property, expressed as a percentage of the property value, assumed to be equivalent to 50 times income per capita. It is calculted as a percentage of the property value. Only official costs required by law are recorded, including fees, transfer taxes, stamp duties and any other payment to the property registry, notaries, public agencies or lawyers. Other taxes, such as capital gains tax or value added tax, are excluded from the cost measure. Both costs borne by the buyer and the seller are included. If cost estimates differ among sources, the median reported value is used.