Cost of preparing Jollof rice up by 9.73% amid insecurity, cash crunch

The cost of preparing a pot of jollof rice, a popular delicacy among Nigerians, rose from N9,917 to N10,882 from September 2022 to March 2023, a report has said.

SB Morgen, a geopolitical intelligence platform, disclosed the 9.73 per cent rise in the cost of preparing the delicacy in its latest report.

The SBM Jollof Index tracks how much it costs to make a pot of jollof rice across 13 markets in six geopolitical zones for a family of five and uses the figures to measure the inflationary trends in the country.