The average cost of preparing a pot of jollof rice for a Nigerian family of five has surged to the highest in almost seven years, according to a new Jollof Index report, reflecting the rising prices of everything from food to fuel in the country.
The report, titled ‘Remaining within a vicious cycle’ by SBM Intelligence, an Africa-focused geopolitical research and strategic communications consulting firm, show that the cost of preparing a pot of the popular Nigerian delicacy rose by 166.3 percent to N10,882 in March 2023 from N4,087 in July 2016, when the index was launched.
