Insecurity, sit-at-home, petrol scarcity caused food price hike in Q1 2022 — Report

The latest report of SB Morgen, SBM, Intelligence has indicated that security challenges in the north, recent petrol scarcity across the country and the activities around the sit-at-home order in the south-east caused the hike in prices of foodstuffs in the first quarter of 2021.

The report, titled ”Jollof Index Q4 2021 & Q1 2022: Geopolitics Comes for Dinner”, provides an explanation of food inflation in Nigeria by using a delicacy that is common to many households — jollof rice.

The Jollof index covers major food items used in making a pot of jollof rice, such as rice, curry, thyme, seasoning, groundnut/vegetable oil, turkey/chicken, beef, pepper, tomatoes, salt and onions.

In the latest report, the research firm said the average cost of making a pot of jollof rice for a family of five rose from N8,007 in Q3 2021 to N8,595 at the end of Q1 2022 — a 7.3 per cent increase

The research firm said it visited selected markets in the six geo-political zones of the country to determine prices of jollof rice ingredients, adding that consumers complained about the hike in prices of beef, turkey and chicken.

In the north-central markets, the prices of turkey, beef, and onions increased. The price increase in February and March can be attributed to the fuel scarcity which increased the cost of transportation of goods — some drivers had to spend the night at filling stations to be able to get fuel for their vehicles and others had to buy from black market vendors at higher rates,” the report reads.

“In the north-east, heightened insecurity has sustained price increases in the region even as there was a price reduction in January in other regions. The humanitarian situation created by the activities of various Islamist groups has made farming in the region difficult.

“The sit-at-home protest by separatists in the south-east and associated violence in the region is one of the causes of food insecurity in the region. Prices went up in both Awka and Onitsha between October and November, dropped slightly in January, and took off again in February and March. Turkey, tomatoes, vegetable oil, beef and onions accounted for the increase in these markets.

“The southwest Jollof index showed price swings in the last five months. Balogun, Bodija, Dugbe and Trade Fair markets experienced price swings. Dugbe Market in Ibadan experienced a slight rise in October, dropped through November and January, and rose again in February and March.

“In Port Harcourt, prices increased from October to November and went downward in January, maintained a“low in February and increased in March. The same trend is noticeable in Calabar Municipal and Bayside Mbakpa markets. Market prices rose in October and November and started a downward trend in January.

“In Kano, the cost of making a pot of jollof rice increased in October, flattened in November and began moving upwards in January, a movement maintained through March. This, according to all our respondents, was due to a sharp rise in the prices of perishable foods such as tomatoes and peppers, caused by the closure of the Tiga Dam for repairs.”

https://www.vanguardngr.com/2022/04/insecurity-sit-at-home-petrol-scarcity-caused-food-price-hike-in-q1-2022-report/

There we go

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Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

...
“The sit-at-home protest by separatists in the south-east and associated violence in the region is one of the causes of food insecurity in the region.

It’s only affecting your region..

It is equally causing psychological degradation and eventually death of Nigerians.

People are dying of hunger and equally of hypertension.

Na FG bad and disastrous governance cause am

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

Before rushing to comment, read the report.

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

The sit-at-home protest by separatists in the south-east and associated violence in the region is one of the causes of food insecurity in the region.

Blame games! Today it's IPOB causing Fuel and food scarcity! Nigeria under Buhari is dead and Buried

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

If you read carefully the report says it is the south east that it is affecting. But if commiting suicide is a joyous thing to you, you can party over the news. All I know is that the so called people you called unity beggers have done their best to save your soul from perishing.

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

Pls continue with the sit at home, u can even add more days

Always looking for something to blame. Something will always be the cause of a failed government in a useless country like Nigeria.

Which type careless excuse be this ?
Everybody knows the problem is the
government and her epelectic policies
laced with un-informed, classless and careless
decisions..

We know better, throw another lies

where are those lining up for useless illiterate in 2015 and belittle Jonathan. They are all suddenly got dumb...May you all die in silent � � �.

I thought they said the sit at home is only affecting the South East?

The Naira has been on free fall since sit- at- home started

Even if there's no sit at home and the country is secure there still gonna be food hike
The continuous depending on imported foods gonna keep Makin food price go higher....
You don't expect a tomato selller or meat seller to leave their prices fixed when the pieces of rice, animal feeds,manure,gas,keeps going up

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

Ok, you have reading comprehension problem.

leave am.The wise ones among them don runz go Abuja,kano,Lagos, ondo,Ogun,Oyo,Adamawa, etc to develop dem while ESN terrorists kill those left at home.That one up here is probably typing from Ajegunle

GeneralPula:

...
“The sit-at-home protest by separatists in the south-east and associated violence in the region is one of the causes of food insecurity in the region.

It’s only affecting your region..

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

And some stupid ipigs bloody chest beaters the genetically confused mofos like you should know sit at home only affect SE because you and your fellow brain downward failed to know SE do not produce any agric product to the nation only agricultural product going to the SE are halted on sit at home days but foods going to SS or SW or Midfle Belt still got delivered to their destination unaltered so tell that your fake motherfucker Ekpa reporters that it's a big lies and should rot in hell with his propaganda bullshit. Food price has been exploded since 2015 when Buhar took power.

Sit at home only cripple the SE people from other region loss nothing but the SE so shut up and feck off and stop glorifying sit at home madness.

Nonsense.!!!

The constant increase in price of fuel since Buhari came is the only reason for inflation joor... Government always trying to disguise.

effect of mkpurumiiri,snuff taking early in d morning dey confuse pipu.Small small oo

Emergingnation3:
I thought unity beggars claimed that Sit at home order in south East is'nt affecting anything..

Foreign direct investment (FDI) is an integral part of an open and effective international economic system and a major catalyst to development. After petrol and gas dollars,our second biggest foreign exchange earnings is from abroad remittance and indigenous FDI.
Igbo/ southern investors/remitters abandoned Nigeria due to insecurity and nepotistic government policies by this regime, causing the Naira to be on free fall. The high rate of inflation is as a result of a weakened Naira.

no wonder we have onionbandits,breadbandits.

jrusky:


And some stupid ipigs bloody chest beaters the genetically confused mofos like you should know sit at home only affect SE because you and your fellow brain downward failed to know SE do not produce any agric product to the nation only agricultural product going to the SE are halted on sit at home days but foods going to SS or SW or Midfle Belt still got delivered to their destination unaltered so tell that your fake motherfucker Ekpa reporters that it's a big lies and should rot in hell with his propaganda bullshit. Food price has been exploded since 2015 when Buhar took power.

Sit at home only cripple the SE people from other region loss nothing but the SE so shut up and feck off and stop glorifying sit at home madness.

Nonsense.!!!

Economic effect of sit-at-home is a contributor to a weakened Naira which in turn causes inflation

thanks to KANU the onikuje of Kuje land.Elepa of EKPA

ipobarethieves:
leave am.The wise ones among them don runz go Abuja,kano,Lagos, ondo,Ogun,Oyo,Adamawa, etc to develop dem while ESN terrorists kill those left at home.That one up here is probably typing from Ajegunle

people in the east have no issues with ESN. The only people that have issues with ESN are terrorist disguised as Fulani herdsmen and their sympathizers on and off Nairaland.

The Ipob movement is one of the most useless and illiterate infiltrated movement av ever seen.



Who the Bleep goes to war with government?!



You think they don't know about boko Haram ?

Sadly (for citizens) The government gets to chose the terrorist group it want to flourish... And ipob isn't part of it.



If you are a mother, sister and father etc. Be nice to your son's by telling them to not engage in such gurilla war.... If not.


Na your pikin body dem go waste for inside bush or on tarred road.