My son is a huge fan of Nutella. Last week he found the recipe (not sure where) and wrote it out for me:
2 Cups Hazelnuts (I found in bulk foods at my local grocer for $5/ lb)
6 tbs Cocoa powder
1 1/4 cup powdered sugar
1/4 tsp salt
3/4 tsp Vanilla extract (we use 1 tsp)
1/4 cup canola oil (I'm sure peanut oil would work if allergies is not an issue)
Roast nuts in oven @ 375 for 10 mins then allow to cool to room temp.
Put nuts in food processor and process until very smooth (took about 2 mins).
Add remaining ingredients and process until well mixed (less than a min).
Pour into fine strainer and mash through (to remove any grit or large chunks of nuts).
I was thinking it would be cheaper to buy Nutella, but this recipe made 3 of these jars. So it's actually cheaper to make it. And it didn't take very long (less than 30 mins.)
And I was able to spend some quality time with my son in the kitchen. He made it while I watched and helped.