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.

Principal Private Secretary     KWSIEC     Rotimi Samuel Olujide     Dorcas Afeniforo     Abdullahi Imam Abdullahi     Salihu Yahaya     Prince Sunday Fagbemi     Al-Hikmah Radio     Kwara TV     Saadu Gbogbo Iwe     Abdulkarim Adisa     Toyin Saraki     Aisha Buhari     Omoniyi     ASUU     Adamu Ibrahim Sabi     Durbar Festival     Razaq Atunwa     KW-GIS     Olaitan Buraimoh     Code Of Conduct     Manzuma     Kwara State Football Association     Ayobola Ipinlaiye     Halimat Yusuf     Lithium Deposit     Afolayan     Adanla-Irese     NIRSAL     CT Ayeni     Kabir Shagaya     Nagode     Just Event Online     All Peoples Party     Owu Fall     Ojo Isekuse     Umar Bayo Abdulwahab     Ayo Salami     Yoonus Lawal     Waziri Yakubu Gobir     Bond     Sebastine Obasi     Sherif Sagaya     Femi Gbajabiamila     Theophilus Oyebiyi     Federal Allocation     Kwara State Infrastructure Development Fund     Colleges Of Education Academic Staff Union     Ibrahim Labaika     Aro Yahaya     Yusuf Abdulraheem     Mohammed Ghali Alaaya     Abubakar Imam     Olupako     Abubakar Suleiman     Abdulrauf Aliyu     Lanre Issa Onilu     Saidu Kawu     School Of Nursing     LEAH Charity Foundation     Gbenga Adebayo     Bashirat Bola Bello     Ganmo     Alimi Abdulrazaq     Habeeb Abdullahi Al-Ilory     Yoonus Kola Olatinwo     KWASEIC     Tunde Saad     Ilota     Ilorin.Info     Association Of Kwara State Online Media Practitioners     Moses Afolayan     College Of Arabic And Islamic Legal Studies     Muazam Nayaya     Musbau A. Akanji     KWASAA     Senior Ibrahim Suleiman    

Cloud Tag: What's trending

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

Isiaka AbdulRazaq     Kale Bayero     Lukman Oyebanji Fagbemi     Afonja     John Kehinde Salako     Taibat Ayinke Ahmed     Ijagbo     Aisha Buhari     COVID     IYA YUSUF     Abdulrasheed Na\'Allah     Zulu Gambari     Abdulazeez Arowona     LEAH Charity Foundation     Lotus Bank     Kaosarah Adeyi     Elerin Of Erin-Ile     Talaka Parapo     Ajeigbe     Ibrahim Taiwo Road     Doyin Agbamu     Ilorin Innovation Hub     ENetSuD     Michael Imoudu National Institute For Labour Studies     Risikat Lawal     Rasheed Jimoh     Jaigbade Alao     Taofeek Sanusi     Abdulkadir Remi Hawawu     Oloje     Sardauna     Patience Jonathan     Teachers Specific Allowance     Ndakene     Hajj     Binta Abubakar Mora     Abdullahi Samari     Olaiya Victor Mobolaji     Dar-Al-Handasah Consultants Ltd     Iyabo Adewuyi     Elerin Of Adanla Irese     Kayode Ishola     Saad Omo Iya     Mohammed Halidu     Baba Issa     Yakub Lai Gobir     Lanre Badmus     Goodluck Jonathan     Woro     Kwara State Governor     Maimunat Oniyangi     Adamu Attah     Afetu Of Alabe     Split Diamond Interchange     Hausa     Marufat Oladosu     Bankole Omisore     Tunji Folami     IQRA College     Vasolar-Kwara Company Ltd     IsDB     Doyin Awoyale     Muhammed Mahe Abdulkadir     Tsado Manman     Usman Alkali Baba     Millennium Development Goals     Ibrahim Oniye     Abubakar B.M     Age AbdulKareem     Mahe Abdulkadir     AbdulGaniyu Kareem     Kwara Coalition Of Business And Professional Associations     Nurudeen Mohammed     College Of Education     Alaaya     BIR     Vishvas KOZ Tractors