The cost of preparing a pot of stew, a staple in Nigerian households, has surged by 121.05% within a year, making it an increasingly unaffordable luxury for many. For a minimum wage earner, affording a basic pot of stew now requires nearly a quarter of their salary, highlighting the worsening food crisis in the country, according to the PricePally 2024 Stew Index Report.
Titled "The Cost of Preparing Stew in Lagos in 2024," the report reveals that between July 2023 and September 2024, rising food inflation has doubled the prices of key ingredients such as tomatoes, onions, and proteins.
The data shows a sharp increase in stew preparation costs across various meat options:
The cost of making a beef stew in Lagos jumped from N8,060 in 2023 to N17,817 by September 2024.
The price of chicken stew rose from N7,085 in 2023 to N15,034 in 2024.
Turkey stew increased from N7,966 in 2023 to N17,987 in 2024.
Goat meat stew, one of the most expensive options, climbed from N8,227 in 2023 to N20,817 in 2024.
This sharp rise in food costs underscores the impact of inflation on Nigerian households, as even a simple meal like stew has become significantly more expensive.
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