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.

Shuaib Jawondo     Raheem Adaramaja     Ridwan Agboola     Florence Saraki     Oro Grammar School     Abdulfatai Baakini     Agbarigidoma     Oluwatoyin Lukman     Jalala     Omotosho     Oko-Erin     Taofik Abdulkareem Babaita     Federal College Of Education (Special), Afon     Abdullah Janet Amudat     Bukola Ajikobi     Kayode Laro     Elelu     Abdulkareem Alabi     Isiaq Khadeejah     Yusuf Aiyedun     Sobi     Dapo Teni Nig Enterprise     Abdulwahab Oba     Bio Ibrahim     Kola Shittu     KSIRS     Nigerian Correctional Service     Ayodele Olaosebikan     Simeon Sayomi     Idris Garuba     Umar Yakubu Jaja     Jimba Babatunde     Haruna Olawale Sulaiman     Suwa-Arabs     Share     Amada Jidda     Esinniobiwa Quareeb     Kaosarah Adeyi     Moremi High School     IHS     Sadiq Umar     V.O. Abioye     Egbejila     Ajibola Ademola Julius     AbdulRasaq Abdulmajeed Alaro     Kola Adesina     Ahmed     Raliat Elelu-Habeeb     Sarakite     Musa Alhassan Buge     Abdulfatai Ahmed     Sun Qing Rong     Age AbdulKareem     Ahmad Belgore     Saba Jibril     Moronfoye     Post Utme     Abdulwaheed Musa     Colleges Of Education Academic Staff Union     Mohammed Lawal     Monsurat Omotosho     Yaru     Oladipo Akanmu Tolani     Abdulwasiu Bolaji Adeyi     Facemasks     Sheikh Ridhwanullah El-ilory     Federal Allocation     Sulu Gambari     Balogun Ajikobi     Surajudeen Akanbi     Maimunat Oloriegbe     Lawal Jimoh     Baba Isale     Abdulsalam A. Yusuf     Turaki Of Ilorin     GAMA     Jaiz Bank    

Cloud Tag: What's trending

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

Issa Oloruntogun     Hydroelectric Power Producing Areas Development Commission     Societe Generale Bank Of Nigeria     Salami Adekunle     Abdulrahman Onikijipa     Oba-Solagberu     Sayomi     Gabriel Fashanu     Chief Imam Of Omu-Aran     Jumoke F. Ajao     Laboratory-to-Product     Binta Abubakar-Mora     Turaki     Zaratu Umar     Abdulahi Abubakar Bata     Abdulkadir Akanbi-Oke     Ohoro Of Shao     Muhammad Akande Olarewaju Odunade     Monkey Pox     Sardauna Of Ilorin     Ariyo     Malete     Muhammad Yahya     Makama Of Kaiama     Yusuf Mubarak     Ayegbeni     Government House     Iponrin     Christopher Odetunde     Senate Presidency     KWASIEC     Jamila Bio Ibrahim     Ahmad Belgore     Ajibola Saliu Ajia     Akom Construction And Engineering Synergy Ltd     Alore     Kwara State Geographic Information Service     NIRSAL     KWASSIP     Abubakar Imam     Village Alive Development Association     Abdulrauf Yusuf     Kwara Coalition Of Business And Professional Associations     Alapado     Kayode Alabi     Sabi     Dan Iya Of Ilorin     Metro Park     Garba Idris Ajia     Umar Yakubu Jaja     CCEPE     Mahmud Ayinla Giwa     Akorede     Photo News     Obayomi Azeez     Odo-Owa     Saliu Ajia     Hauwa Nuru     Aisha Ahman Pategi     Mumeen Lah     Niyi Ogundiran     Special Agro-Industrial Hub     Adekunle David Dunmade     PPS     Aro Yahaya     Amina El-Imam     Gobir     Shuaib Jawondo     Ajasse-Ipo     Aishatu Ahmed Gobir     Esinrogunjo     Convocation Ceremonies     Joseph Offorjama     IYA YUSUF     Ibrahim Issa Jetti     Agbarere     Abdulmumin Yinka Ajia