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  1. businessday.ng › news › articleCost of Jollof rice rises 20% in four months, hits N20,274

    Jul 24, 2024 · The average cost of preparing a pot of jollof rice for a Nigerian family of five rose by 19.6 percent within four months largely driven by a spike in tomatoes and pepper prices, according to a new Jollof Index report.

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  3. www.legit.ng › business-economy › industryJollof Cost Soars to a 7-Year High Under Buhari as Price of ...

    • It Takes Over N10,000 to Prepare Jollof Rice
    • Local Rice Price Jumps by 200%
    • List of 10 Cheapest and Most Expensive States to Buy Food in Nigeria

    The report by SBM Intelligence, a research firm, shows that the cost of preparing the local delicacy rose by 166.3% to N10,882 in March 2023 from N4,087 in June 2016, at the launch of the index. Additional analysis reveals that a family of five earning a monthly minimum wageof N30,000 would spend about 36.3% of the money to prepare the meal. The Jo...

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    The development comes amid reports that the price of locally produced rice in Nigeria has jumped 200% in seven years. Punch reports that the increase happened despite the multi-billion funding support of the Central Bank of Nigeria (CB) for Nigeria’s value chain to boost rice production. According to data from the Selected Food Prices Watch Report ...

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    Legit.ng reported that the National Bureau of Statistics (NBS) has revealed that the average annual food inflation rate for the twelve months ending September 2022 increased to 23.34 per cent. This is the highest level in over 13 years, demonstrating how economically stressed Nigerian households have become. NBS stated this in its Consumer Price In...

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  4. www.businessinsider.com › nigeria-jollof-riceThe Price of Jollof Rice Is Rising, Forcing Nigerians Rethink ...

    Aug 1, 2022 · The average price of preparing a pot of jollof rice jumped 8.3% to 9,311 nairas, or $22, in the second quarter of 2022, from 8,595 nairas in the first quarter.

    • Emmanuel Abara Benson
    • Henry Blodget

  5. www.naijadazz.com › nigeria-jollof-rice-pricesThe Steeply Rising Prices of Cooking Jollof Rice in Nigeria ...

    Feb 13, 2024 · In 2020, cooking jollof rice for a family of four cost approximately ₦5,000 in Lagos. This covers the base ingredients like rice, tomatoes, onions, and vegetables. By 2021, the total average price for the dish rose to ₦5,800, representing a 16% increase year-over-year. In 2022, the cost jumped again to ₦6,500, a 12% rise from 2021.

  6. varofoods.comAuthentic Nigerian food | Jollof Rice – Varofoods

    Varofoods - Home To Delicious Microwaveable Jollof Rice Packs, Authentic Nigerian Flavours and Recipes, and Instant Owambe!

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  7. www.ripplesnigeria.com › cost-of-making-das-jollofCost of making jollof rice jumps 81% in five years

    Apr 16, 2021 · According to the research firm, it now costs N7,400 as at March 2021 to make a pot of jollof rice, 81 percent more than the N4,087 it cost in July 2016, for a family of five or six. What this...

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  9. www.theafricareport.com › 152280 › nigeria-climateNigeria: Climate change is driving the cost of jollof rice

    Dec 3, 2021 · A September 2021 survey of Jollof Index by the SBM Intelligence shows that the cost of making a pot of jollof rice for a family of five remains high across the country. Jollof rice index In September, a pot of jollof rice cost about 5%

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