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.

Ilorin International Airport     Split Diamond Interchange     Abdulrahman Abdulrasak     Ishak Mohammed Sabi     Ganiyu Taofiq     Raji AbdulRasaq     Salman Jawondo     Yoonus Lawal     Olayinka Oladapo Jogunola     Segun Abifarin     Binta Abubakar Mora     Agboola Babatunde     SDP     Ile Arugbo     Dairo Kunle Paul     Salami Adekunle     Hakeem Idris     Dan-Kazeem     Ella Supreme Tissue Paper     Sherif Sagaya     Ilorin Durbar     Public Holiday     Lanre Olosunde     Agboola Abdulraheem     Olushola Saraki     Mohammed Haruna     Kunle Suleiman     Convocation Ceremonies     Ajeigbe     Ilorin Metro Park     Mutawalle     Raji Ayodele Kamaldeen     Matthew Babaoye     Sola Saraki University     Idris Garuba     HICA     Charles Ibitoye     Apaokagi     Yunus Oniboki     National Union Of Road Transport Workers     Moses Salami     Saad Belgore     UNIFEMGA     08001000100     Saka Asiat Ayinke     Yusuf Lanre Badmus     Senior Staff Union Of Colleges Of Education     Umaru Saro     Amuda Bembe     Opaleke Bukola Iyabo     Computer Based Test     John Obuh     Budo-Egba     Mahe Abdulkadir     Oyedepo     Shuaib Jawondo     Mamatu Abdullahi     Royal FM     Mohammed Ghali Alaaya     Albert Ogunsola     Harrison Osauwagboe     Bello John Olanrewaju     Oju Ekun Sarumi     Bibire Ajape     V.O. Abioye     Ubandoma Of Ilorin     NITDA     Ilorin East     Ibrahim Mashood     Kisira     Abdulkadir Akanbi-Oke     Kayode Yusuf     Joseph Alex Offorjama     Maryam A. Garuba     YAKOOYO     CCT     Ibrahim Bio    

Cloud Tag: What's trending

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

Saka Keji     Saliu Ajibola Ajia     Kwara 2015     Yahaya Seriki Gambari     IYA YUSUF     March 18     College Of Arabic And Islamic Legal Studies     Abdulrasaq Alaro     Coronavirus     Folajimi Aleshinloye     Shade Omoniyi     Oloruntoyosi Thomas     Kamoru Kadiri     Hamid Bobboyi     MATTA Girls Foundation     IYA ALFA NLA     Oniwa     Yakubu Gobir     Charcoal     Akande Idowu Ayoola Muhammed     Yashikira     Sanusi Abubakar     07039448763     Okasanmi Ajayi     Ope Saraki     Umar Ayinla Saro     Senate President     Ilorin Central Mosque     Muhammad Ghali Alaaya     Usman Yunusa     Yusuf Amuda Abubakar     Dumagi     Shuaib Olarongbe     Aminat Ahmed     Moji Makanjuola     QuickWin     Seni Saraki     Abdulquawiy Olododo     Odolaye Aremu     Ayotunde Emmanuel Alao     Ilorin Talaka Parapo (ITP)     Muhammed Abdullahi     Ali Ahmad     Oko-Erin     Riskat Opakunle     Jimba Babatunde     Mumini Ishola Hanafi     Mujtabah Bature     Adam Abdullahi Al-Ilory     Balogin Alanamu     Saka Asiat Ayinke     IFK     Olokoba     Ilorin General Hospital     Arinola Lawal     Hassan Oyeleke     Abiodun Musa Aibinu     Ilofa     Third Estate     A.E. Afolabi     UNILORIN Alumni     National Information Technology Development Agency     COVID-19 Palliatives     Afeyin-Olukuta     Kumbi Titilope     Babata     Lateef Ademola Olatunji     Towoju     Benin Republic     Aliyu Alhassan     Abdulsalam A. Yusuf     Vasolar Consortium     Bamikole Omishore     Stephen Fasakin     Yoruba     Ella Supreme Tissue Paper     Awodun