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Home Analysis

Jollof prices likely to top ₦30,000 by December, SBM Intelligence warns

Emmanuel Ngwa by Emmanuel Ngwa
Oct 24, 2025
in Analysis
Reading Time: 4 mins read
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Jollof prices likely to top ₦30,000 by December, SBM Intelligence warns
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Table of Contents

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  • ⏱️ Key Takeaways!
  • Jollof Index dips in Q3, but relief is only skin-deep
  • Regional disparities reveal a fractured food system
  • December surge looms as 30.6 million face food insecurity
  • What this means for Cameroon and the wider region

⏱️ Key Takeaways!

  • The cost of preparing a pot of Jollof rice for a family of five in Nigeria may exceed ₦30,000 by December 2025, reversing a slight price dip recorded in Q3.
  • A 3.17% decline in the SBM Jollof Index between June and September was temporary, driven by early harvests rather than lasting solutions to supply chain and security challenges.
  • Insecurity, poor logistics, and hidden “risk premiums”—where traders inflate prices by 20–30% to cover losses—remain the biggest drivers of food inflation, overshadowing official inflation reports.

As December approaches, Nigerian households are bracing for another surge in food prices, with the cost of a pot of Jollof rice projected to climb beyond ₦30,000. The latest SBM Jollof Index Q3 2025 report reveals that while prices dipped slightly in recent months, the relief is fleeting—structural challenges like insecurity, logistics failures, and rising living costs ensure that the festive season will bring little cheer to strained budgets.

Jollof Index dips in Q3, but relief is only skin-deep

The National Average Jollof Index, which tracks the monthly cost of ingredients for a standard pot of Jollof rice serving five, fell by 3.17% in Q3 2025. Prices dropped from ₦27,528 in June to ₦26,656 in September, a decline SBM Intelligence describes as “technical” rather than transformative. The dip was largely seasonal, tied to early harvests in some regions, rather than any meaningful improvement in supply chains or security.

Experts warn that this moderation is short-lived. With December demand traditionally spiking and persistent disruptions in food-producing areas, prices are expected to rebound sharply. The report highlights that official inflation figures, which suggest easing food inflation, mask the reality on the ground. A recent rebasing of the Consumer Price Index (CPI) adjusted the reference year for calculations, making the numbers look better on paper—but doing little to ease the pressure on household budgets.

“The apparent slowdown in food inflation is more statistical than real. The structural issues—insecurity, logistics bottlenecks, and high transport costs—remain unresolved,” the report notes.

Regional disparities reveal a fractured food system

The Q3 data exposes stark regional differences in food pricing. In Bauchi, early harvests led to a 15% price drop, offering temporary relief. But in Kano, prices rose by 6.83%, with a devastating 10.86% month-on-month food inflation in July alone. Even Port Harcourt, a port city that should benefit from imported goods, saw a 1.84% increase, as poor road conditions and high transport costs erased any advantages.

The report identifies a critical factor driving up costs: the “price risk premium”. This invisible tax, embedded in food prices, stems from insecurity, extortion at checkpoints, and logistics inefficiencies. Traders often add 20–30% to the cost of goods to cover these risks—a burden that falls squarely on consumers. It’s this structural cost, not global market shifts, that keeps Nigeria’s staple dishes expensive.

“Until the government addresses the root causes—supply chain security, transport infrastructure, and conflict in agricultural zones—the Jollof pot will keep getting pricier,” the report emphasizes.

December surge looms as 30.6 million face food insecurity

With over 30.6 million Nigerians at risk of acute food insecurity, according to the Cadres Harmonisés analysis, the Q3 price moderation offers little comfort. The combination of unresolved conflicts in key farming regions and the holiday demand surge could push the Jollof Index back above ₦30,000 before year-end. This would mark a return to the record highs seen earlier in 2025, further straining households already grappling with rising costs.

The report underscores that without urgent policy interventions, the festive season will deepen the food crisis. Key recommendations include improving road infrastructure to reduce transport costs, enhancing security in food-producing areas, and streamlining supply chains to eliminate artificial price inflations. Yet, with little sign of progress on these fronts, Nigerians may have to dig deeper into their pockets—or adjust their menus—this December.

What this means for Cameroon and the wider region

Nigeria’s Jollof Index isn’t just a local concern—it’s a regional bellwether. As West Africa’s largest economy, Nigeria’s food inflation trends often spill over into neighboring countries, including Cameroon. With cross-border trade accounting for a significant portion of Cameroon’s food imports, rising prices in Nigeria could soon translate to higher costs for staples like rice, palm oil, and tomatoes in markets from Douala to Yaoundé.

The lessons from Nigeria’s experience are clear: food security cannot be separated from security and infrastructure. For Cameroon, where agricultural productivity is hampered by similar challenges—poor roads, insurgency in the Northwest and Southwest, and high transport costs—the risk of a December price shock is equally real. Policymakers and agribusinesses must act now to strengthen local production, improve storage facilities, and secure trade routes before the festive season arrives.

For consumers, the message is simpler but no less urgent: prepare for higher costs. Whether it’s adjusting budgets, exploring alternative staples, or supporting local farmers’ markets, the time to plan is now. The Jollof pot may be a Nigerian staple, but its rising price is a pan-African warning—one that Cameroon cannot afford to ignore.

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Emmanuel Ngwa

Emmanuel Ngwa

Emmanual Ngwa is an Editor, Copywriter, UX Writer, and Editor-in-Chief of NgwasPenn.com. I enjoy writing about technology, innovation, and business. When I'm not writing, you'd find me playing video games.

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