Follow these precise steps to prepare Coconut Chicken & Rice easily:

1. Prepare Ingredients: Gather and measure all ingredients for easy assembly.
2. Heat the Oil: In a large skillet or pot, heat olive oil over medium heat.
3. Cook the Chicken: Season chicken thighs with salt and black pepper. Add to the skillet and brown on each side for about 5-7 minutes. Remove and set aside.
4. Sauté Aromatics: In the same skillet, add chopped onion, and sauté until it becomes translucent (about 3-4 minutes).
5. Add Garlic and Ginger: Stir in minced garlic and grated ginger, cooking for an additional minute or until fragrant.
6. Combine Spices: Sprinkle turmeric, cumin, and chili powder (if using) into the mixture, stirring well to coat the aromatics.
7. Add Rice: Pour in the jasmine rice, stirring for a couple of minutes to toast it lightly in the spices.
8. Incorporate Liquids: Pour the coconut milk and chicken broth into the skillet, making sure to scrape any bits from the bottom.
9. Return Chicken: Put the browned chicken thighs back into the pot, ensuring they are submerged in the liquid.
10. Simmer: Bring to a gentle boil, then reduce the heat to low. Cover the pot and let it simmer for 20 minutes.
11. Check Doneness: After 20 minutes, check that the rice is tender and has absorbed the liquids. Add more broth/water if necessary.
12. Rest: Turn off the heat and let the dish sit covered for 5 minutes.
13. Fluff and Garnish: Fluff the rice with a fork and garnish with freshly chopped cilantro.
14. Serve: Serve hot, with lime wedges on the side for added zest.

The steps above will guide you in creating a delectable Coconut Chicken & Rice meal that leaves everyone craving more.