NINAS NEWS Edwin Tech  

Insecurity has Raised the Cost of Nigeria's Famous Dish – Africa.com

This year, Nigeria has experienced an unbearable hike in commodity prices, and it shows no sign of slowing. The economic situation of the country is forcing citizens to empty their pockets to meet basic needs. In its quarterly SBM Jollof index report for Q3 2021 titled Jollof Index: Prices be Swingin, SBM Intel, a geopolitical research firm, revealed the cost of making a pot of jollof rice for a family of five in Nigeria has risen by 4.98 percent. The index’s data is collected monthly from 13 markets across six geopolitical zones in Nigeria, except in December due to seasonal spikes caused by year-end celebrations. The Jollof Index covers major food items used in preparing a pot of jollof rice such as rice, curry, thyme, seasoning cube, groundnut or vegetable oil, turkey or chicken, beef, pepper, tomatoes, salt, and onions. The index identified insecurity as the foremost cause of food price increase and volatility in Nigeria.
SOURCE: VENTURES AFRICA
Thanks for reading and for your interest in Africa. Our content is produced in collaboration between Africa.com’s editorial team and our partners — including non-governmental organizations, private sector stakeholders, agencies, and institutions.
For everything from news and culture to technology, business, education, entertainment, and travel, AFRICA.COM is here to help you stay smart about the continent. If you are interested in telling stories in an impactful way to help shine a light on a particular issue, we encourage you to review our guidelines available at this link: Click Here.
Copyright © 2010 – 2021 | Africa.com LLC
Unlike many global publications, for nearly a decade we have been committed to showing a complete picture of Africa – not just a single story.  Offended by one-sided coverage of wars, disasters and disease, the founders of Africa.com created a website that provides a balanced view of Africa – current events, business, arts & culture, travel, fashion, sports, information, development, and more.

source

Leave A Comment