Background: The problem of radon (Radon-222) in water is one of the daily health hazards faced by those in Ojo Axis, Nigeria. Therefore, continuous monitoring of radon contamination in different types of water is essential. In the present work, sixteen groundwater and surface-water samples (wells, boreholes, and sachets) were collected from six different locations within the Ojo Local Government area in Nigeria. The water samples collected were stored in 75 cl bottles that were already sterilized with distilled water to avoid contamination. Water samples were then taken to the laboratory for the analysis of radon levels using a RAD7, an active electronic device produced by the Durridge Company in the USA. The radon level in the water is higher than the safe limits of 11.1 Bq/L, as per EPA regulations, except for two sample points from the studied areas. The total annual effective doses from ingestion and inhalation for drinking and groundwater were higher than the safe limit of 0.1 mSv y−1 that is recommended by the World Health Organization and the European Union Commission. Conclusions: The obtained results underline the importance of the development and/or updating of databases regarding radon levels in drinking and groundwater in the Ojo Local Government area in Nigeria.