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JOLLOF RICE INDEX
The cost of preparing a pot of jollof rice in Nigeria has increased significantly, with the average now standing at N27,527.85 — a 153% increase between March 2023 and June 2025.
The rising costs were induced by a lack of forex for food imports, insecurity and flooding which has destroyed large rice farmlands
The average cost of cooking a pot of Jollof Rice went up from N8,595 to N9,311 at the end of Q2 2022, an 8.3% increase.
The SBM Jollof index is a composite index that tracks the prices of the main ingredients used to...
The SBM Jollof index is a composite index that tracks the prices of the main ingredients used to...