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.

Ayoade Akinnibosun     Federal College Of Education (Special), Afon     Clara Nwachukwu     Omar Gambari     Saheed Akinwumi     UNIFEMGA     Ekiti     Yusuf AbdulRasheed     Shero     Amule     Ahmad Uthman     Lanre Aremu     Sherif Shagaya     Muhammad Ghali Alaaya     Omoniyi     Harafat E. Mukadam     Al-Adaby     Sobi     Olatunde Michaels     Suleiman Alege Kuranga     Ridwan Agboola     Sheikh Ridhwanullah     Shonga     Amusement Park     CACOVID Palliatives     Yakubu Danladi     Al-Ilory     Wale Oladepo     Ibrahim Mohammed     Apaola     Idowu Laro     Illyasu Abdullahi     Unicontinental Construction Company     Ibrahim Oniye     Oniyangi Kunle Sulaiman     Kale Bayero     Orisa Bridge     Gabriel Fashanu     Yusuf Abdulkadir     Women Radio     Haashim Initiative For Community Advancement     Economic And Financial Crimes Commission     Moses Afolayan     Iyeru Grammar School     Olatunji Bamgbola     Idris Garba     United Nigeria Congress Party     Turaki     Colleges Of Education Academic Staff Union     Danhawa     Simeon Sayomi     Young Progressives Party     Oladipo Akanmu Tolani     Markaz Arabic And Islamic Training Institute, Agege     Okoolowo     Aremu Bose Deborah     Shoprite     KW-GIS     Code Of Conduct     Jimoh Bashir     Siraj Oyewale     Alabere     Rasheed Jimoh     Mufutau Gbadamosi Esuwoye     John Dara     Sobi Hill     Sunday Popo-Ola     Odogun Olushola Gabriel     Abdulmalik Bashir Mopelola Risikatullahi     Lawyers Unite Against Corruption     Adolescent Girls Initiative For Learning And Empowerment     Obayomi Azeez     Afolayan     Muslim Media Watch Group Of Nigeria     Shehu Raheem Adaramaja     Olomu     Tafida    

Cloud Tag: What's trending

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

Yahaya Abdulkareem Babaita     Ibrahim Kayode Adeyemi     Gbajabiamila     Babatunde Ishola Babaita     Folorunsho Alao     NITDA     SSA Youth     Oladimeji Thompson     Gbenga Awoyale     Muhammad Mustapha Suleiman     Lai Mohammed     Amule     Umar Ayinla Saro     Laduba     Deji Ajani     Hamid Bobboyi     IQRA College     Abatemi-Usman     Mohammed Haruna     Magaji Are     M.Y. Abdulrahaman     KWACOBPA     Ejidongari     Mutawalle     Muhammad Sirajo Aliyu     Ibrahim Orire     Harrison Osauwagboe     Arik     Abdulkadir Orire     Muhammad Akande Olarewaju Odunade     N-Power     Seun Bolaji     Ajasse-Ipo     NIPOGA     Amule Elementary School     Okedare     Olokoba Sulyman     Kwara South     Raimi Iyanda     Mohammed Khadijat Kubura     Federal College Of Education (Special), Afon     Lukman Oyebanji Fagbemi     Fatima Abolore Jimoh     Abdulraheem Yusuf     Javed Khan     Ilorin East     Ibikunle Ogunleye     Shuaib Jawondo     Bank Of Industry     Eleja     Shehu Alimi Foundation     Omu Aran     Ibrahim Abdulqadir Abikan     National Party Of Nigeria     Lukman Adeloyin     Al-Hikmah Radio     Centre For Community Empowerment And Poverty Eradication     Yemi Osinbajo     Mashood Dauda     Ronke Adeyemi     Peter Obi     Adegoke Bamidele     Aminat Omodara     Baruten     Isaac Aderemi Kolawole     Adamu B. Yaqubu     Suleiman Yahya Alapansapa     BIR     Ijakadi     National Democratic Congress     Universal Basic Education Commission     Kwara Hotel     JAAC     Samuel Olusegun Adedayo     Abdulmumini AbdulRazaq     Kwasu     Alimi