The average cost of preparing a pot of jollof rice remains cheaper in Nigeria than in Ghana despite inflationary pressures in both countries, a new report by SBM Intelligence has shown.
According to the firm’s Q3 2025 Jollof Index titled “Two Economies – A Tale of Contrasts,” a Nigerian household spends about N26,656 on a pot of jollof rice, compared to GH¢430.75 in Ghana.
But SBM warned that, relative to income, the burden is heavier on Nigerian households whose purchasing power has been eroded by inflation and stagnant wages.
Covering major food markets across both countries, the report uses the cost of core jollof ingredients—rice, tomatoes, onions, pepper, seasoning, protein (chicken, beef, or turkey), and vegetable oil to track food affordability and household welfare.
Modest price decline hides deeper strain in Nigeria
In Nigeria, the National Average Jollof Index recorded a marginal decline of 3.17 per cent in the third quarter of 2025, falling from N27,528 in June to N26,656 by September. The movement was far from steady: prices climbed slightly in July to N27,836, stabilised in August, and dropped sharply only
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