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.

Binta Abubakar-Mora     Zaratu Umar     Abubakar Kawu Baraje     Kolo     Oba Abu     David Oyedepo     Mohammed Lawal     Kemi Adeosun     Oloruntoyosi Thomas     Clement Yomi Adeboye     Pategi     Hassan A. Saliu     Olusola Saraki     Abdullateef Abdussalam     Afetu Of Alabe     CKNG     Sabi     Seed Technologies     ENetSuD     Shaykh Luqman Jimoh     Adaramaja     Aminat Ahmed     Nigeria Customs Service     General Tunde Idiagbon International Airport     Alimi Abdulrazaq     Oluwole Dupe     BIR     Post Utme     Kwara State Coalition Of Business And Professional Associations     Muhammad Akande Olarewaju Odunade     Isiaka Oniwa     Kazeem Oladepo     Women Radio     Muhammed Aliyu     Gbugbu     EFCC     Chief Imam Of Ilorin     Samuel Adaramola     Mohammed Halidu     Jebba     Kola Shittu     Offa Poly     Abdulhakeem Amao     Hakeem Idris     Tunji Moronfoye     Doyin Agbamu     Radio SBS     COEASU     Yemi Osinbajo     Abubakar Abdulraheem     Kayode Yusuf     Coronavirus     Onilupeju Of Ilupeju     Yakubu Mohammed Abdullahi     Bature Bello     Towobola Abdulrahman Toyin     Oke-Ogun     Babs Iwarere     Sheikh Ariyibi     Babatunde Ajeigbe     Femi Ogunsola     Akanji     Ilorin Like-Minds     Ibrahim Sulu Gambari     Mohammed Tunde-Jimoh     Post-utme     Arinola Lawal     Adamu Atta     Ayekale     Sa\'adatu Modibbo-Kawu     Oba Abdulkadir La\'aro     Ibrahim Taiwo Road     Gani Saadu     Idiagbon     Ilorin Water Reticulation     Umaru Saro     COVID-19 Palliatives    

Cloud Tag: What's trending

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

Markaz Arabic And Islamic Training Institute, Agege     Kwara Poly     Yoruba     Federal Allocation     Musa Abdullahi     CUTI     Amasa     Abdulmumin Yinka Ajia     Amosa     Taofik Abiodun Ahmed     Ajike People Support Centre     Marufat Oladosu     Logun     Muslim Media Watch Group Of Nigeria     Kayode Ishola     Saduki Lafiagi     Kayode Zubair     Matthew Babaoye     Okin Group     Muhammad Akande Olarewaju Odunade     Kola Ologbondiyan     Ajakaye     Saka Abimbola Isau     Rafiu Ibrahim     Gbajabiamila     Christopher Odetunde     Isiaka AbdulRazaq     Akom Construction And Engineering Synergy Ltd     Ilorin South     Omoniyi Ayinla     Colleges Of Education Academic Staff Union     Saliu Tunde Bello     Centre For Digital Economy     Raliat AbdulRazaq     Olushola Saraki     Afolayan     Ibrahim Abdullahi     Akorede     Salaudeen Oyewale     Sam Okaula     Read With Me     20 Billion Bond     John Kehinde Salako     Kwara State Government     March 18     Shehu Adaramaja     Raliat Islamic Foundation     Abdullahi Samari     Paul Odama     Oko-Erin     Abraysports FC     KWTV     Abdulhakeem Adelaja Amao     Kumbi Titiloye     Savannah Centre For Diplomacy, Democracy And Development     Firdaos Amasa     Funmilayo Braithwaite     Neuropsychiatric Hospital     Dumagi     Zulkifli Ibraheem     Oyeyemi Olasumbo Florence     Oyedepo     HAMFAT Clinic And Maternity     FOMWAN     Ilorin Amusement Park     Kunbi Titiloye     Saheed Popoola     Kwarareports     Folaranmi Aro     State Bureau Of Internal Revenue     Okoolowo     Ibrahim Gambari     Waziri Yakubu Gobir     Bank Of Industry     Saidu Kawu     Undergraduate Bursary     Tope Daramola