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.

Wole Oke     Abdullahi Dasilva Yussuf     Sadiq Buhari     Amuda Bembe     Eleja Taiwo Banu     Leke Ogungbe     Yusuf Lanre Badmus     Bamidele Aluko     Ganiyu Taofiq     Waziri Yakubu Gobir     BECE     Yahaya Jibril Usman     Alimi     Yakubu Shaaba     Agbarere     Modupe Oluwole     Oloruntoyosi Thomas     Kwara State Fish Farmers Association     Ayegbeni     Yahaya Muhammad     Lanre Jimoh     Aiyedun     Ibrahim Taiwo Road     Jimoh Bashir     Lawal Jimoh     Bursary     Abubakar Baba     Mohammed Lawal     Mohammed Katsina Ahmed     Adedipe     Kwarareports     ER-KANG Mining Nigeria Company Limited     Saka Balikis Kehinde     Kwara United     Falokun-Oja     Elerin Of Adanla     Umar Ayinla Saro     Kamaldeen Ajibade     Awodun     Olabimpe Olani     GRA     Abdulkadir Orire     Wahab Issa     Al-Ilory     Special Agro-Industrial Hub     Muhammad Sirajo Aliyu     Mohammed Ghali Alaaya     Kwara Metro Park     Kwara     General Hospital     Share     Tafidan Kaiama     Bello Abubakar     Saadatu Modibbo-Kawu     Kayode Ishola     Shehu Jimoh     Sulyman Buhari     Maigidasanma     Bilikis Oladimeji     Lai Mohammed     Abdulrasheed Na\'Allah     GGDSS Pakata     Ilorin Likeminds Foundation     Olomu Of Omu-Aran     All Confederation Of Principals Of Secondary Schools     Kehinde Baale     AbdulRazaq Jiddah     Esuwoye     Hydro-electric Power Producing Areas Development Commission     Dele Belgore     Elerin Of Erin-Ile     Yakub Ali-Agan     Bolaji Nagode     Aliyu Adebayo     Ayobami Akanbi     Minimum Wage     Iyeru Grammar School    

Cloud Tag: What's trending

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

Raliat AbdulRazaq     Yunus Oniboki     FOMWAN     Simeon Sule Ajibola     KWASSIP     Kwara State Branch Of The National Library     Oluronke Adeyemi     Clement Yomi Adeboye     Yetunde Balogun     Moses Salami     Gbemisola Saraki     Hajj     Aliyu Umar     Ahmed Bolaji Nagode     UNIFEMGA     Talaka Parapo     Razaq Ayobami Akanbi     Siddiq Adebayo Idowu Salawu     Ibikunle Ogunleye     Alimi     Albert Ogunsola     Women For Change And Development Initiative     Elerin Of Adanla Irese     Laduba     Muyideen Ajani Bello     Moshood Bakare     Just Event Online     N-Power     Asa     Saka Isau     Charcoal     Ariyo     Ilorin Durbar     Babatunde Ajeigbe     Awwal Jawondo     Femi Ogunsola     Wahab Egbewole     Mohammed Danjuma     Ilorin Central Mosque     Abiodun Musa Aibinu     CKNG     Overland     Goodluck Jonathan     Akume     Ajibola Ademola Julius     Oyeyemi Olasumbo Florence     NIPOGA     Senate     Kayode Ishola     Daud Adeshola     Erubu     Radio Kwara     Muslim Media Watch Group Of Nigeria     Lawyers Unite Against Corruption     Sabi     Abdulazeez Arowona     Taofik Abiodun Ahmed     Tafidan Kaiama     Theophilus Oyebiyi     Olabimpe Olani     KWACOBPA     Saka Abimbola Isau     Mohammed Haruna     Rebecca Olanrewaju     Abdullahi Adisa Akodudu     Rafiu Ibrahim     Medview Airlines     Baba Adini Of Kwara State     Femi Oladiji     CCEPE     Memunat Monsuma     James Ayeni     Afusat Nike Ibrahim     Bilikisu Gambari     Ahmad Fatima Bisola     Jide Ashonibare     Hassan Abdulazeez Elewu