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SBM Intelligence: Insecurity, Government Policies, Climate Change Affecting Food Prices

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

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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