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#CostOfLiving

VideoVideo: Arise News on YouTube

Money · Video

NEC’s 90-day cost-of-living plan: what we know and what it means for you

The council of governors endorsed a five-point plan on food, tax, projects, investment and household support, with single-digit inflation as a 2027 goal. Here is what is known.

The National Economic Council (NEC), which brings together the Vice-President and the state governors, has endorsed a 90-day economic action plan from the Federal Ministry of Finance to bring down the cost of living. The council approved it at its 161st meeting, held virtually on Thursday, 22 October 2026 and chaired by Vice-President Kashim Shettima. The Finance Minister and Coordinating…

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VideoVideo: Smooth 98.1 FM on YouTube

Economy · Video

Cost of a pot of jollof falls 11.5% to ₦26,178 as chicken and oil get cheaper

SBM Intelligence’s Jollof Index has recorded its sharpest quarterly fall in ten years. But the pot still costs more than a year ago, and Port Harcourt went the other way.

The cost of cooking a pot of jollof rice in Nigeria fell by 11.5% between June and September 2026, from ₦29,578 to ₦26,178, according to the latest Jollof Index from the research firm SBM Intelligence, published this week. The firm called it “the sharpest quarterly decline in the SBM Jollof Index’s ten-year history”. Cheaper chicken and vegetable oil did most…

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