The Head of Research at SBM Intelligence Ikemesit Effiong was on the Global Business Report to discuss his company’s Jollof index which says the average cost of making a pot of Jollof rice for a family of five remains high across the country. On average, it will cost N8,007.50 which is higher than the average cost in Q2 which stood at N7,618, a percentage difference of 4.98.
SBM blames a hike in food prices on Insecurity, unfavourable government policies and climate changes.
Watch the video…
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