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.

NFAI     Arinola Lawal     Ahmad Olanrewaju Belgore     Sheikh Ridhwanullah El-ilory     Paul Olawoore     Aso Ofi     Sebastine Obasi     Mazars Consulting     COEASU     Saidu Kawu     Abdulbaqi Jimoh     Nigerian Medical Association     CCB     Oba Abdulraheem     Shettima Of Ilorin     Iyabo Dupe Adekeye     Amusa Bello     Ike Ekweremadu     Nigerian Correctional Service     Patience Jonathan     Ajakaye     PAACO-PCL Consortium     Shehu Adaramaja     Haruna Tambiri Mohammed     Saka Onimago     Kunbi Titiloye     Idiagbon     FOMWAN     Hassan A. Saliu     Timothy Olatunde Fadipe     Special Agro-industrial Processing Zone     Emir Of Ilorin     Muideen Olaniyi Alalade     Face Masks     A.E. Afolabi     Sabi     Fareedah Dankaka     KSIRS     Oniyangi Kunle Sulaiman     Yahaya Abdulkareem     Temitope Ogunbanke     Christopher Odetunde     College Of Arabic And Islamic Legal Studies     Maimunat Oloriegbe     Sobi     Onilorin Of Ilorin     Rotimi Oyedepo     Ejidongari     Government High School (GHS), Adeta     Gurei     Oro Grammar School Old Students Association     Saka Aleshinloye     Sidikat Alaya     EFCC     Minimum Wage     Abioye Bello     Reuben Paraje     Aliyu Alhassan     Rebecca Olanrewaju     Moshood Mustapha     Kisira     Issa Manzuma     Muyideen Ajani Bello     Moshood Bakare     Olukotun Of Ikotun     Olumide Daniel Ibitoye     Abdulfatai Salman Baakini     Nigeria Governors\' Forum     Medview Airlines     Opolo Global Innovation Limited     Association Of Kwara State Online Media Practitioners     Adamu Ibrahim Sabi     Razak Atunwa     Abdulwaheed Musa     KWAFFA     Jebba     Ita-Ore    

Cloud Tag: What's trending

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

Alumni Association Of The Federal Polytechnic Offa     REO CAKES     Countryside Emerging Leaders Fellowship     Moshood Bakare     Sambo Murtala     First Lady     General Tunde Idiagbon International Airport Ilorin     Islamic Development Bank     Offa Metropolitan Club     Funmi Salau     Abdullahi Biffo     Ganmo Electricity Sub-Station     Obasanjo     Aliyu Alhassan     Mamman Saba Jibril     Basic Education Certificate Examination     Post Utme     Kaiama     Smart School     Kunle Okeowo     Idofin     Communication Network Support Services     Abubakar Baba     Elerin Of Adanla Irese     Segun Adeniyi     Olofa Of Offa     Gabriel Fashanu     Bolakale Saka     Mufutau Gbadamosi Esuwoye     Ilesha-Baruba     Erubu Oba Zubair     Ayeyemi Sulaiman     Garba Ayodele Wahab     Sulyman Age AbdulKareem     Bamikole Omishore     Wahab Abayawo     Suleiman Ajadi     Olatunji Ayeni     Ibrahim Abduquadri Abikan     Olubukola Kifayat Adedeji     Offa Poly     Femi Oladiji     JAAC     Oluranti Idowu     Saliu Ajibola Ajia     Saidu Isa     Owode Market     Ope Saraki     Olusegun Adeniyi     Saduki Lafiagi     Muslim Media Watch Group Of Nigeria     Moses Rahman Popoola     Bukola Ajikobi     Alaro     Mohammed Halidu     Nupe     Face Masks     Salman Alada     Olota Of Odo-Owa     Mumini Ishola Hanafi     Taofeek Ibraheem     Ayobami Akanbi     Aisha Ahman-Pategi     Ganiyu Taofiq     Benin Republic     Wahab Isa     Abdullahi Adisa Akodudu     Dairo Kunle Paul     Ajasse-Ipo     Ghali Alaaya     Afeyin-Olukuta     Atunwa     Abdul-Rahoof Bello     Abdulrahman Iliasu     Bola Shagaya     Ubandoma Of Ilorin     Idi-Ape