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A research and consulting firm providing insights on economic and social issues in Nigeria.
News published about SBM Intelligence

Jollof rice becomes Nigeria’s new inflation barometer
Bendada.com - Jul 23, 2025
The national average cost of a pot of jollof rice in Nigeria surged to ₦27,528 as of June 2025. Bauchi recorded the highest cost at ₦41,050, a 587% increase from 2016 levels.

Nigeria’s inflation and banditry crisis ignite food security emergency
Bendada.com - Jun 11, 2025
Nearly 100 million Nigerians are now food-insecure due to a combination of climate change and insecurity. Inflation in Nigeria surged to 35.41% in January 2024, driven by collapsed agricultural production and rising food prices.

Nigeria’s beloved Jollof Rice costs soar, reflecting inflation crisis
Bendada.com - Apr 22, 2025
The average cost of making jollof rice for a family of five surged by 19% to ₦25,486 ($15.90) in March 2025. The price of turkey, a key ingredient, now ranges from ₦8,000 ($4.99) to ₦10,500 ($6.55) per kilogram.
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