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.
The commodities monitored by the Jollof Index are rice, curry, thyme, seasoning, groundnut oil, poultry, beef, pepper, tomatoes, salt, and onions. Instead, it said matters have deteriorated, with the recent cash exchange policy causing naira scarcity and worsening the situation.The report said"Over seven months, from September 2022 to March 2023, the cost of preparing a pot of Jollof rice has risen from N9,917 to N10,882, marking an increase of 9.73 per cent.
"The period between September and November saw long petrol queues across the country, which led to supply chain disruptions and inadequate supplies of food ingredients. This, the report said, illustrates the varying costs of ingredients and living expenses across different regions in the country. "While these increases are still noteworthy, they are comparatively smaller than those seen in other Markets," it said.
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