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Apr 25, 2024 · Between October 2023 and March 2024, data tracked by the Jollof Index showed that the cost of making a pot of jollof rice increased by 29.3%, from ₦13,106 in October to ₦16,955 in March 2024. Apart from the effect of the Naira devaluation, the price of rice drove inflation during the period.
Apr 20, 2023 · The report shows that in Nigeria, the cost of preparing a pot of Jollof rice has risen to ₦10,882. Wuse II market consistently ranked as the most expensive for making a pot of Jollof rice, with a cost of ₦13,700, while Trade Fair in Lagos was the cheapest, with a cost of ₦8,850.
Jul 25, 2024 · In both countries, the cost of preparing jollof rice showed significant fluctuations, highlighting the volatile nature of food prices in West Africa. In Nigeria, the year-on-year food inflation rate increased from 40.53% in April 2024 to 40.87% in June 2024, indicating a disturbing trend in food prices, resulting in severe malnutrition in many Nigerian households.
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. Shoremi buys and cooks his own food ...
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- Henry Blodget
Apr 25, 2024 · The average cost of making jollof rice across major cities in Nigeria nearly hit the N17,000 mark as of March 2024. The SBM Jollof Index for Q1 titled “Crisis at the Table” posits that the average cost of making jollof rice for a family of four increased by 29.3% to N16,955 from N13,106 recorded in October across major markets in Nigeria.
May 21, 2021 · Cost of making pot of jollof rice rose between March 2020 and March 2021. According to the latest SBM Jollof Index report, the average cost of making a pot of jollof rice rose by 7.8 per cent between March 2020 and March 2021. The sharp spike in the cost of preparing the delicacy was attributed to a number of events which impacted on food prices.
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Jul 25, 2023 · Cost of jollof surges 34% in one year. Bunmi Bailey. July 25, 2023. The average cost of preparing a pot of jollof rice for a Nigerian family of five has risen by 34.2 percent in one year, according to a new Jollof Index report. The report, titled ‘Hungry for Change’ by SBM Intelligence, an Africa-focused geopolitical research and strategic ...
