This study examines the drivers of perceived tenure insecurity in Nigeria. The determinants of perceived tenure insecurity are assessed across two indicators: private (idiosyncratic) tenure risk and collective (covariate) tenure security risk. The analysis shows that both private and collective tenure risk are higher for land parcels acquired via the traditional customary system, in contrast to purchased parcels. Private tenure risk/insecurity is higher in communities with vibrant land markets and for households that are located close to urban centers. On the other hand, collective tenure risk is lower in communities with improved economic status.