11376 - The SBM Jollof Index: Staple under stress – Your Window Into West Africa
In Nigeria, the national average cost of cooking jollof rice rose from ₦21,300 in September 2024 to ₦25,486 in March 2025—a 19.7% increase. This trajectory, although not linear, reflects persistent inflationary pressures. Prices briefly eased in January and February before rising again in March, driven by increases in the cost of key ingredients such as turkey, onions, pepper, seasoning cubes, and rice. Protein, especially turkey, remains the most significant contributor to costs, with prices...