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.

Apaokagi     New Naira Notes     Abdulkadir Bolakale Sakariyah     Sheikh Alimi     Elerin Of Erin-Ile     Gbemi Saraki     Iponrin     Kwara NIPR     Aliyu Kora-Sabi     Tunde Kazeem     Aliyu Muyideen     Yusuf Arowosaye     Agboola Babatunde     Kanu Agabi     Bayo Onimago     Mutawali Of Ilorin     Ndakene     KSIRS     Gobir     Ajikobi     AGM Professional Services     Wasiu Onidugbe     Yusuf Abdulkadir     Shero     Afetu Of Alabe     Suwa-Arabs     Ibrahim Abdulkadir Abikan     Ahmed Alhasssan     Aliyu Alhassan     Ijagbo     Adesoye     Sobi Specialist Hospital     Ariyo     Quareeb     Muslim Cementary     Kwara Primary Health Care Development Agency     Peter Obi     TESCOM 2025     Olayinka Olaogun     Onilupeju Of Ilupeju     ER-KANG Mining Nigeria Company Limited     Kehinde Baale     Muhammed Akanbi     Toun Okewale-Sonaiya     Manzuma     Adesina Simon Sodiya     Kumbi Titiloye     Muhammadu Gobir     Sai Kayi     Garba Ayodele Wahab     Senior Special Assistant On Student Affairs     Naira Redesign     Amasa     Vasolar Consultoria     General Hospital, Offa     Rotimi Samuel Olujide     Abdulmumini Jawondo     Durbar Festival     Bature Bello     Wale Oladepo     Lateef Ademola Olatunji     Tunde Yusuf     Budo Egba     Park     Olatunde Olukoya     Code Of Conduct Tribunal     School Of Nursing     Woro     Lanre Issa-Onilu     National Information Technology Development Agency     Oba Abu     Ishaq Abdulkarim     Bola Tinubu     Amuda Aluko     Aliyu Muhammed     Kale Belgore     Owo Arugbo    

Cloud Tag: What's trending

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

Muyiwa Oladipo Kanu     Shehu Alimi Foundation For Peace And Development     Oyeyemi Olasumbo Florence     Presidential Election     PPS     Gbadeyan Gbadura Yomi     Kayode Oyin Zubair     Peter Amogbonjaye     Isau     Adedeji Onimago     Binta Abubakar Mora     Kwara 2019     Oba Abdulkadir La\'aro     Madawaki     Kwara 2015     Aisha Abodunrin Ibrahim     Kupchi Hosea Maxwell     Kudirat Arinola Lawal     Baba-Isale     Kayode Zubair     Abdulmutalib Shittu     Yusuf Lanre Badmas     Joseph Offorjama     Oko     Saka Saadu     Mazars Consulting     Abdulraheem Yusuf     Olupako     AGF Abdulrazaq     Sabi     Toyin Abdullahi     Shehu Adaramaja     Hassanat Bello     Mamman Saba Jibril     Mohammed Lawal Bagega     Share/Tsaragi     Ayobami Seriki     Nigeria Computer Society     Adamu B. Yaqubu     Yomi Ogunsola     Abdulrazaq Solihudeen     Hussein Oloyede     Shuaibu Yaman     Simeon Ajibola     Umar Sanda Yusuf     Olayinka Are     Vasolar Consultoria     Ilorin Talaka Parapo     Emmanuel Olatunji Adesoye     Shaykh Luqman Jimoh     Mohammed Abduraheem     Kwara Consultative Forum     Abubakar Baba     Bolakale Kawu Agaka     Emir Of Shonga     Matthew Okedare     Elewu     Bayo Lawal     Prince Sunday Fagbemi     Majlis For Sadakah, Zakat And Waqf     Dogara     Sarah Jubril     Temi Kolawole     Nigeria Customs Service     NITDA     Igbomina     Soffiyyallah Kamaldeen     High Court     Musa Yeketi     Adama Isa     Nurudeen Muhammed     Adamu Atta     Bamikole Omishore     Edret Sabi Abel     Arca Santa     Valsolar     Taofik Abiodun Ahmed