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.

Kwara Liberation Group     Muyiwa Oladipo Kanu     Oba-Solagberu     Olatunde Michaels     Bola Shagaya     Simeon Sayomi     Ajibola Saliu Ajia     Lateef Ademola Olatunji     Chikanda     Post Utme     Oluwarotimi Boluwatife Adenike     Tafida Of Ilorin     Budo Egba     David Oyerinola Adedunmoye     Sheikh Hamzat Yusuf Ariyibi     Khadijat Ayoola Yusuf     Lawal Olohungbebe     Mutawalle     Siddiq Adebayo Idowu Salawu     Bayo Onimago     Kola Ologbondiyan     Kwara 2015     SSA Youth Engagement     Oke-Ode     Federal College Of Education (Special), Afon     Okoolowo     Tafida     Kwara North     Share/Tsaragi     Ibrahim Abiodun     Bibire Ajape     EFCC     Kaiama     Kwara State Printing And Publishing Corporation     Sulyman Abdulkareem     Fatima Abolore Jimoh     Nigeria Governors\' Forum     UNILORIN Alumni Association     Ope Saraki     Magaji Nda     KWATMA     Abdulfatah Ahmed     Jimba Babatunde     Raimi Iyanda     Moses Rahman Popoola     Funmilayo Oniwa     Abraysports FC     Law School Scholarship     Maja     Gbugbu International Market     Hussein Oloyede     Volunteers Of Ilorin Community And The Emirate     Vasolar Consultoria     Nnazua     Ayoade Akinnibosun     Rafiu Ajakaye     AGILE Programme     Barakat Community Secondary School     Samuel Elizabeth Keatswa     Kale Belgore     Ahman Pategi     Mohammed Danjuma     Kolawole Bashirat     ITEM 7     Ayo Salami     Ile Arugbo     Saad Omo Iya     Taofik Abdulkareem     Saba Jibril     Salihu Alhaji Musa     Iliasu     Agboola Abdulraheem     Oluronke Adeyemi     Salihu Ajia     Akanbi-Oke     Mukhtar Shagaya     Computer Based Test    

Cloud Tag: What's trending

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

Bukola Saraki     Isiaka AbdulRazaq     Kazeem Gbolagade     Segun Abifarin     Aiyedun     Bond     Amos Sayo     Bolakale Ayo     AbdulRasaq Abdulmajeed Alaro     Zulu Gambari     Amina Susa\'a De Ahmed     Rabiu Kwankwaso     Halimah Perogi     Aisha Abodunrin Ibrahim     Abdulazeez Uthman     Adedipe     Elerinjare     Galadiman Ngeri     Government Girls’ Day Secondary School Pakata     Azeez Bello     Ibrahim Labaika     Saliu Ajibola Ajia     Akande Idowu Ayoola Muhammed     Omu Aran     Bamidele Adegoke Oladimeji     Kwara State Pension Board     Folorunsho Erubu     Alloy Chukwuemeka     Abdulhakeem Amao     Moshood Kashimawo Abiola     Yakubu Danladi     Kwara Basketball Association     Oladipo Akanmu Tolani     Mahmud Durosinlohun Atiku     20 Billion Bond     UTME     Atiku Abubakar     NULGE     Kwara State Fire Service     Sa\'adu Salahu     Samuel Elizabeth Keatswa     Otunba Taiwo Joseph     Folaranmi Aro     Barakat Community Secondary School     Jamiu Oyawoye     Saad Omo Iya     Alabe     Chemiroy Nigeria Limited     Aliyu Umar     Bayer AG     Oyeyemi Olasumbo Florence     Tunde Saad     CACOVID Palliatives     IHS Towers     Abdulkarim Adisa     Quran     Niyi Osundare     Ijakadi     Sunday Popo-Ola     Kwara State Council Of Chiefs     Olokoba Sulyman     AIT Ilorin     MalHub     Lithium     Baba Idris     Simeon Ajibola     Ilesha Gwanara Road     College Of Education     Haliru Dantoro     Mutawalle     NITDA     Abdullahi G. Mohammad     Lawyers Unite Against Corruption     Olusin Of Ijara Isin     Ilorin Airport     Irepodun     Fareedah Dankaka