Over 500 Bread Factories Shut in Kwara - Bakers

Date: 2021-09-11

About 500 bakeries have been closed in Kwara State following the recent hike in the prices of flour and other baking commodities, the chairman of the state chapter of the Master Bakers Association, Alhaji Abdulfatai Alaba, has said.

Alaba who spoke with Daily Trust in Ilorin on Thursday, expressed helplessness over the issue, declaring that the association might increase the price of bread after its meeting on Saturday in line with the present prices of ingredients and commodities.

He called on the state and federal governments to establish milling companies just like they did for the NNPC with the mega stations to bring down prices.

Alaba, who spoke through the general secretary of the association, Comrade Babalola Oladimeji, noted that "When you are operating a business and running at a loss, there is nothing to do than to close it."

"Initially, we had over 700 registered bread bakeries in Kwara State, but now, that figure has drastically reduced to about 200 due to all these increments. Over 500 have folded up, he said.

"The flour we bought for N5,000 some years back is now N22,000 and we are told it will get to N25,000 before the end of the year. Same thing with sugar, which is now N23,000 from N6,000. A pack of yeast that hitherto sold for N300 is now N1,200.

"Now most of the bakeries use firewood that was gotten at the rate of N6,000 for a full truck, but that has gone up to N32,000 per vehicle. This is the reason why most of the bakeries are folding up and there is an urgent need for efforts to halt the disturbing trend," he added.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bilikis Oladimeji     Zainab Abass     Sa\'adu Salau     Akanbi-Oke     Hydroelectric Power Producing Areas Development Commission     Valsolar-Kwara Company Limited     Kale Ayo     Ibrahim Taiwo Road     Alaro     Kola Bukoye     Ishola Moses Abiodun     Isin     BIR     Olosi Of Osi     Vasolar     Saliu Alamoyo     Kayode Alabi     Owo Arugbo     08001000100     PharmAccess Foundation     Zara Umar     Ahmad Olayiwola Kamaldeen     Ajibike Katibi     Taofeek Sanusi     Funmilayo Zubair     Isaac Gbenle     Yusuf Abdulkadir     Jamila Bio Ibrahim     Seed Technologies     Olatunde Michaels     Aso-ofi     Ronke Adeyemi     Tayo Awodiji     Hakeem Lawal     Kulende     Bayo Mohammed Onimode     Economic And Financial Crimes Commission     Sheikh Ridhwanullah     Yakubu Shaaba     JUSUN     Gbugbu International Market     Abdulkarim Adisa     Omupo     Muhammed Akanbi     Sobi Hill     Oye Tinuoye     JAMB     Muyideen Ajani Bello     Adamu B. Yaqubu     Bello Taoheed Abubakar     Tinubu Legacy Forum     Sadiq Buhari     Makama     Ilorin Durbar     Idris Amosa Saidu     Mamman Saba Jibril     Oko-Olowo     Kayode Yusuf     Bashir Adigun     Bisi Oyeleke     Rueben Parejo     Makama Of Kaiama     Pacify Labs     Abubakar Lah     IF-K     Ahmed Bolaji Nagode     Al-Hikmah Radio     Ramadhan     Adijat Adebiyi     Majlis For Sadaqah, Zakat And Waqf     Ahmed Dankaya     Markaz Arabic And Islamic Training Institute, Agege     Baruba     Ahmed     Tunji Olawuyi     Nurudeen Mohammed     Atunwa    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Oyelere Oyinloye     Diagnostic Centre     Emmanuel Olatunji Adesoye     Mohammed Danjuma     Gbadeyan Gbadura Yomi     Imodoye Writer’s Enclave     Olupako     Bola Iyabo Ibiyeye Adisa     Wasiu Onidugbe     Adamu Ibrahim Sabi     Seed Technologies     VADA     Zainab Abass     Ramat Oganija     Fatai Garuba Labaka     Hydro-electric Power Producing Areas Development Commission     Oyeyemi Olasumbo Florence     Durosinlohun Atiku     Segun Ogunsola     Saka Balikis Kehinde     Wole Oke     New Model Police Station     Abdulraufu Mustapha     Otuka     Taiwo Joseph     Quareeb     Saka Aleshinloye     Akom Construction And Engineering Synergy Ltd     Ilesha Gwanara Road     Victor Gbenga Yusuf     Marufat Oladosu     Admiralty Villa     Salaudeen Oyewale     Hajj     Opaleke Bukola Iyabo     Belgore     Funke Adedoyin     Nnazua     Oro Grammar School Old Students Association     Wale Oladepo     Tanke Road     Sardauna Of Ilorin     Doyin Group     Haruna Olawale Sulaiman     Christopher Tunji Ayeni     Yemi Osinbajo     Oyin-Zubair     Kwara State Geographic Information Service     Ayobami Akanbi     Wahab Kunle Shittu     Abdulhakeem Adelaja Amao     International Aviation College     Ibrahim Issa Jetti     Local Government     Dauda Adesola     Eghe Igbinehin     Wakilin Mata Lafiagi     Zara Umar     Aremu Bose Deborah     Ibraheem Adeola Katibi     Mutawali Of Ilorin     Olofa Of Offa     Tanke Flyover Bridge     Gobir Organization Foundation     Centre For Community Empowerment And Poverty Eradication     Bamidele Aluko     Isiaka AbdulRazaq     Aisha Gobir     Amosa     Gurei     ANCOPPS     Sidikat Akaje     Ajase-Ipo     Salihu Alhaji Musa     Alanamu     Geri-Alimi Split Diamond Interchange     Yusuf Amuda Gobir