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.

SSUCOEN     Aishat Mohammed Lawal     Christopher Ayeni     Computer Based Test     KWSUED     Government House     Abdulganiyu AbdulAzeez     Volunteers Of Ilorin Community And The Emirate     Peter Obi     Yusuf Lanre Badmas     Yekeen Alabi     Village Alive Development Association     Bayo Onimago     Abdulrazaq Magaji     Erin-ile     Haliru Yahaya     Muhammadu Buhari     Dar-Al-Handasah Consultants Ltd     Alaro     All Peoples Party     Yusuf Amuda Abubakar     AIT Ilorin     Chartered Institute Of Personnel Management Of Nigeria     Kwara Pdp     Mohammed Abdulahi     Ile Arugbo     Agboola Abdulraheem     Saba Mamman Daniel     Babajide Ajayi     Ogidi-Oloje     Kwara State Infrastructure Development Fund     Durbar Festival     Ibrahim Oniye     Babatunde Idiagbon     Erubu     AbdulFatai Adeniyi Dan-Kazeem     Olufolake Abdulrazaq     Alloy Chukwuemeka     Muritala Awodun     Soffiyyallah Kamaldeen     Senate Presidency     Local Government     Sayomi     Abdulfatah Ahmed     Omar Bolaji Gambari     Modupe Oluwole     Shoprite     Salihu Ajia     Baruba     Wole Oke     Vasolar Consortium     Abubakar Abdullahi Bata     Mujtabah Bature     Sobi FM     Modibo Kawu     Sobi Specialist Hospital     Afin Descendants Union Of Odo-Owa     Kishira     Ridwan Agboola     Kassim Babamale     Segun Adeniyi     Coronavirus     Halimat Yusuf     International Vocational Centre     Joseph Alex Offorjama     Abdullahi Dasilva Yussuf     Isiaka Oniwa     Geri-Alimi Split Diamond Interchange     PPS     National Democratic Congress     Yahaya A Paniyaro     Ahmed     Mohammed Ghali Alaaya     Saheed Alakoso     Oke-Odo     Imodoye Writer’s Enclave     Saka Abimbola Isau    

Cloud Tag: What's trending

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

Haliru Dantoro     Federal College Of Education (Special), Afon     Ilorin Innovation Hub     Maja     Dauda Adeniran Adeshola     Kazeem Gbolagade     NIPOGA     Bolaji Nagode     Arandun     Issa Baba     LABTOP     Ezekiel Yissa Benjamin     Oniwasi Agbaye     Saka Aleshinloye     UNIFEMGA     Bashir Omolaja Bolarinwa     Oko Erin     Kwarareports     Ita-Nmo Market     Stephen Fasakin     Kayode Ishola     Tanke Road     Fatimat Saliu     Ayinde Oki     Afonja Descendants Union     Kamaldeen Ajibade     Admiralty Villa     Kayode Oyin Zubair     Esinniobiwa Quareeb     Azeez Salawu     Olatunji Bamgbola     Muhammed Abdullahi     Chief Imam Of Ilorin     Maigidasanma     Igbaja     Mohammed Ibrahim     Council Of The Wise     Mahee Abdulkadir     Atunwa     BIR     Baaziki Sulaiman     Alapado     Lotus Bank     Alikinla     Omotoso Musa     Bola Sagaya     Aliyu Muhammed     Umar Sanda Yusuf     Ilorin.Info     Junior Secondary School Certificate Examinations     IHS     Congress For National Consensus     Abdulquowiyu Olododo     Freshvine Nigeria Limited     Majlis For Sadaqah, Zakat And Waqf     Makama Of Kaiama     Monkey Pox     Minimum Wage     Saka Isau     Ahmed     Omar Bolaji Gambari     Durosinlohun Kawu     Olufolake Abdulrazaq     Siraj Oyewale     Omu Aran     Ibrahim Taiwo Road     Pilgrims Board     Oko-Olowo     Musa Yeketi     Teachers Specific Allowance     Yusuf Zulu-Gambari     Abdulmumini Jawondo     Aishat Sulu-Gambari     Www.Kwarareports.com     Sunday Otokiti     Onilorin Of Ilorin     Shehu Jimoh