“While the coronavirus pandemic and the restrictions of forex for importation caused by falling oil prices are external triggers, the prolonged border closure and increased energy tariffs are internal contributors.
“The cost of a bag of rice has only slightly dropped by a margin of N1,000 – N3,000 depending on the market but this has not translated into a significant reduction in the cost of making jollof rice especially for the majority of Nigerians who buy from retailers. The report said some of the jollof rice ingredients rice, onions, tomatoes witnessed reduced local production because of protracted conflicts and terrorist attacks on farmers.
“As a result of these incidents, several farmers are leaving the countryside and moving to the cities to take up menial jobs,” it said.The report said the cost of making a pot of rice was most costly in Wuse market, Abuja, and least costly at Akwa market, Cross River.“These differences may be due to operational costs rather than the actual cost of commodities,” it said.
Are we normal in this country All these news handles are the worst ever.
Confirmed. Jollof rice pack in chicken Republic has risen from n500 to n600.
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