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.

Abdullahi G. Mohammad     AbdulRahman Saad     Tescom.kwarastate.gov.ng     Mohammed Abdulahi     Ayeyemi Sulaiman     Joseph Bamigboye     Samuel Adaramola     Ibrahim Mashood     Katibi Ibraheem Adeola     Mopelola Abdulmaliq-Bashir     Joana Nnazua Kolo     Issa Memunat Moyosore     Ajidagba     Umar Bayo Abdulwahab     Jawondo     Omotoso     ITP     Afetu Of Alabe     Mutawali Of Ilorin     Abdulkadir Akanbi-Oke     Ezekiel Yissa Benjamin     Nigerian Army     Shehu Alimi Foundation For Peace And Development     Ojo Fadumila     Taofik Abiodun Ahmed     Ishak Mohammed Sabi     Ilorin Descendants Progressive Union     Kwara State Council Of Chiefs     REO CAKES     Magaji Are     KWASIEC     SWAN     Quarry Royal Valley     Ogidi-Oloje     Okiki     Ministry Of Women Affairs And Social Development     UTME     Kwara United     Roseline Oni Aremu     AbdulFatai Adeniyi Dan-Kazeem     Yusuf Amuda Gobir     Maryam Ado Bayero     Iliasu     Y.A. Abdulkareem     Garba Idris Ajia     Bayer Nigeria Limited     Sardauna Of Ilorin     April 11     Abdulahi Abubakar Bata     Oyin-Zubair     Oye Tinuoye     Idris Garuba     Musa Yeketi     Computer Based Test     Public Holiday     Okala Baba     Ajasse-Ipo     Simeon Sayomi     Senior Ibrahim Suleiman     Coalition Of Kwara North Groups     Awodun     Quareeb Islamic Association     Toyin Abdullahi     Funmi Salau     General Tunde Idiagbon International Airport     Bluenile Associates     Arik     Aliyu U. Tilde     BIR     Logun     Haliru Yahaya     Osinbajo     Pakata Development Association     Akanji     Baboko     CKNG     AbdulHamid Adi    

Cloud Tag: What's trending

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

S.O. Opowoye     Baba Issa     Olatunde Oyeyiola     Aro Yahaya     Mufutau Gbadamosi Esuwoye     ASKOMP     Bello Oyedepo     Wahab Isa     Yahaya Jibril Usman     Lafiagi     Timothy Olatunde Fadipe     Abdulrahman Onikijipa     Tayo Alao     Oloye     Kwara State Internal Revenue Service     Gabriel Fashanu     Ajeigbe     Yusuf Babatunde Abdulwahab     Ibrahim Kayode Adeyemi     Wahab Kunle Shittu     Sidikat Akaje     Coronavirus     Col. Adedipe     Ajakaye     Yetunde Balogun     Adamu B. Yaqubu     Christopher Tunji Ayeni     Offa Grammer School     IYA YUSUF     Idiagbon     Plat Technologies Limited     March 18     Kwara Muslim Pilgrims Welfare Board     Ramat Oganija     Funmilayo Braithwaite     Muhammed Aliyu     Igosun     Ajuloopin     Bashir Adigun     Titus Ashaolu     Sai Kayi     Maigida Soludero Transit     Suleiman Alege Kuranga     Noah Yusuf     Okedare     Kwasu     Bolakale Saka     Muritala Olarewaju     SWAN     Mustapha AbdulGaniyu     Yakubu Gobir     Ita-Ore     Adebara     All Confederation Of Principals Of Secondary Schools     Kayode Ishola     Oke-opin     Chikanda     Wahab Abayawo     PAACO-PCL Consortium     Moses Adekanye     Olatunji Ayeni     Babs Iwarere     Road Transport Employers Association Of Nigeria     Kola Ologbondiyan     Niguel Gallando Marcias     Aminat Ahmed     Facemasks     Sambo Murtala     V.O. Abioye     Ibrahim Mashood     Afolayan     UITH     Kwara Consultative Forum     Mamatu Abdullahi     Olanrewju Okanlawon Musa     Tanke Flyover Bridge     Raimi Iyanda