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.

Issa Memunat Moyosore     Moshood Bakare     GGDSS Pakata     Y.A. Abdulkareem     Samuel Adedoyin     Basic Education Certificate Examination     Abubakar Suleiman     Societe Generale Bank Of Nigeria     Lai Gobir     Saka Balikis Kehinde     Shoprite     Tunji Moronfoye     Sulu Gambari     Nigerian Supreme Council For Islamic Affairs     Saad Belgore     A.O. Belgore     Nigerian Army     Ibrahim Abdulkadir Abikan     Abdulwahab Ololele     Popo-Igbonna     Patigi Regatta     Segun Adeniyi     Bamidele Aluko     Rafiu Ibrahim     Abdulwaheed Musa     Kale Kawu     Bello Taoheed Abubakar     Maimunat Oniyangi     Oyawoye     Abdulkadir Orire     MMWG     Ilorin Innovation Hub     Deji Ajani     Share/Tsaragi     IHS Towers     NaAllah     Ilorin Water Reticulation     KWSIEC     KW-GIS     Alfa Belgore     Adamu Atta     Lawan     Taofeek Sanusi     Agor Market     Budo Egba     Barakat Community Secondary School     Igosun     Muhammed Akanbi     Babaloja-General     Tafidan Kaiama     Kunle Okeowo     Pilgrims Board     COVID     Maryam Ado Bayero     Aro Yahaya     Saka Isau     Revenue Court     C2c@kwarastate.gov.ng     A.G.F Abdulrasaq     Kayode Alabi     Yakubu Dogara     AGF Abdulrazaq     Sa\'adu Salahu     Olusola Saraki     Abdulrazaq Solihudeen     Mohammed Alabi Lawal     Kaosarah Adeyi     Ilorin General Hospital     Dar-Al-Handasah Consultants     CACOVID     Salihu Ajibola Ajia     Sulu Babaita Isiaka     Bolakale Kawu     Bukola Saraki     Ilorin South     Guber Aspirant     Ubandawaki    

Cloud Tag: What's trending

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

Olam Food Ingredients     Sidikat Akaje     Lucky Omoluwa     Share     Mutawali     Moses Afolayan     Yusuf Abdulraheem     Abubakar Suleiman     Olupako     Idofin     ASKOMP     Abdulsalam Firdaous Amosa     Baba Idris     Jimoh Lambe Abdulkareem     Abdulrahman Abdulrasaq     Lasiele Alabi Yahaya     Abubakar B.M     Sa\'ad Alanamu     Moji Makanjuola     Ajike People Support Centre     IYA ALFA NLA     Simeon Ajibola     Olota Of Odo-Owa     REO CAKES     Rashidi Yekini     Iyabo Adisa Ibiyeye     Shero     Aremu Bose Deborah     Abdulmajeed Abdullahi     Okoolowo     Ayodele Kuburat Olaosebikan     Bolaji Aladie     Fatimah Abdulkadir     Opaleke Bukola Iyabo     Idiagbon     Gobirawa     Boko Haram     Fatimat Saliu     Obasanjo     IYA YUSUF     Isiaka Gold     Raliat AbdulRazaq     NTA Ilorin     Admiralty Villa     Ibrahim Akaje     Muhammad Ghali Alaaya     Abubakar Abdullahi Bata     Waziri Yakubu Gobir     Frootify     Sheikh Ridhwanullah     Share/Tsaragi     Split Diamond Interchange     Sheikh Alimi     Olabode Towoju     Babatunde Idiagbon     Hajj     National Democratic Congress     John Obuh     Ilorin International Airport     Ethical College     National Association Of Nigerian Students     Mamatu Abdullahi     Sheu Ndanusa Usman     Saka Onimago     Kwara Politics     Bello Abubakar     Shagari     Sheriff Olanrewaju     Olayinka Jelili Yusuf     Oba-Solagberu     ER-KANG Mining Nigeria Company Limited     Samuel Elizabeth Keatswa     Yaru     Village Alive Development Association     Abdulhakeem Amao     Adamu Ibrahim Sabi     Kwara University Of Education