The Cost Of Preparing Jollof Rice Across Major Cities In Nigeria. The report indicates a rise in the average price of cooking jollof rice across major cities in Nigeria.
Analyzing the cost of preparing jollof rice for a family of four, the findings reveal increases in expenses across all geographical regions of the country.
The SBM Jollof Index for Q1, titled “Crisis at the Table,” reveals that the average cost of cooking jollof rice across major cities in Nigeria stands at approximately N17,000.
This report indicates a significant increase compared to previous findings, with the average cost of preparing jollof rice for a family of four rising by 29.3% to N16,955 from N13,106 recorded in October across major markets in Nigeria.
The report highlights significant variations in the cost of preparing jollof rice across different regions of Nigeria. In Onitsha, Southeast Nigeria, residents experienced a substantial 44.9% increase in the cost of preparing jollof rice over the six-month period, rising from N10,280 to N14,900.
Conversely, residents of Nyanya market in Abuja saw the slowest growth in the cost of preparing jollof rice, with an increase of just 15.5% to N17,500 within the same period.
Kano State recorded the highest cost of making jollof rice at N19,300, reflecting a 22.9% increase during the six-month period.
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In Calabar, South South Nigeria, the cost of cooking a pot of jollof rice for households surged to N17,050 in March 2024 from N13,250 recorded in October 2023, marking a significant 28.7% increase.
Similarly, in Port-Harcourt, also in the South-South region, there was a notable 23.2% increase in the cost of cooking jollof rice for households according to the report.
Across markets in Lagos and Ibadan, representing the Southwest, the cost of a pot of jollof rice increased by 26.5% and 28%, respectively, during the period under review.