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A new SBM Intelligence report tracked how much it now costs to cook a pot of jollof rice across all six Nigerian geopolitical zonesThe Southwest recorded the steepest price jump of any region since the Jollof Index began in 2016Nigeria’s figures were compared with Ghana’s, where researchers found a starkly different trend
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The cost of preparing a pot of jollof rice has jumped by more than 400% in every geopolitical zone in Nigeria over the past decade, according to a new report by SBM Intelligence titled “Rebasing, Redefining, and the Weather’s Toll on the Pot.”
The report uses the Jollof Index, which has tracked the price of key ingredients needed to cook the meal since 2016, to show how persistent food inflation has weakened household purchasing power across
