The cost of preparing a pot of jollof rice, a popular delicacy among Nigerians, rose from N13,106 in October to N16,955 in March 2024, a report has said.
SB Morgen (SBM) Intelligence, a geopolitical intelligence platform, disclosed the 29.3 per cent rise in the cost of preparing the delicacy in its latest report titled, “The SBM Jollof Index Q1 2024: Crisis at the table ”.
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.
