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.

Wahab Agbaje     NIPOGA     Dan Iya Of Ilorin     Ethical College     Olofa Of Offa     Yomi Adeboye     Bahago     Assayomo     Oke-Odo     Gobir Organization Foundation     SUBEB     Gaa Olobi     Ademola Kiyesola     IFK     Abdulkadir Remi Hawawu     Florence Saraki     Afolabi-Oshatimehin Adenike Harriet     Teachers Specific Allowance     Abdulrasheed Akogun     Olaitan Adefila     Olayinka Jelili Yusuf     Bolakale Kawu Agaka     Kwara State Pension Board     Saduki Lafiagi     Ajibike Katibi     Village Alive Development Association     Arinola Lawal     Summit University     Yakubu Gobir     Bayo Mohammed Onimode     Muideen Olaniyi Alalade     Baboko     Abubakar Olusola Saraki     Abdulfatai Salman Baakini     Folaranmi Aro     Titus Ashaolu     General Tunde Idiagbon International Airport Ilorin     Shero     Sanitation Exercise     National Pilot     Ridwan Agboola     Kehinde Boyede     Usman Alkali Baba     Shehu Alimi Foundation     FOMWAN     IYA YUSUF     Hijaab     Abdulwasiu Bolaji Adeyi     Tayo Awodiji     Habeeb Abdullahi Al-Ilory     Alabi Olayemi Abdulrazak     Lateef Fagbemi     Edret Sabi Abel     Saudat Abdulbaqi     Olatomiwa Williams     Durosinlohun Atiku     Asa     Ahmad Uthman     Toyin Saraki     AbdulRazaq AbduMajeed Alaro     Lateef Ademola Olatunji     General Hospital     Nigerian Supreme Council For Islamic Affairs     Adeola Abraham     Salami Adekunle     Salihu Ajia     BECE     Onilorin Of Ilorin     Adama Isa     Yusuf Mubarak     Abdulrazaq Solihudeen     Magaji Erubu     Lukman Adeloyin     Crystal Corner Shops     Amina Susa\'a De Ahmed     Alaiye     Ndama Al-hassan    

Cloud Tag: What's trending

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

Moses Adekanye     CUTI     Ashiru     Ibrahim Abdulqadir Abikan     Adeleke Ogungbe     Haruna Olawale Sulaiman     Muhammadu Buhari     Fulani     Yusuf Amuda Gobir     Unicontinental Construction Company     Abdullahi Samari     George Innih     Akume     Abdulrahman Abdulrazak     Ilesha-Gwanara     Raymond Olaitan     Road Transport Employers Association Of Nigeria     Azeez Bello     Government House     Lafiagi     Oba Of Jebba     Javed Khan     Yahaya Seriki     Nigerian Army     Ayodele Kuburat Olaosebikan     Saba Jibril     Aishat Mohammed Lawal     Oke-Kura     Temitope Ogunbanke     Gobir Organization Foundation     Sulu Babaita Isiaka     Budo Egba     Kwara State Geographic Information Service     Wahab Egbewole     Split Diamond Interchange     Shoprite     Ella Supreme Tissue Paper     Mukhtar Shagaya     Prince Bola Ajibola     Modibo Kawu     Aiyedun     SWAN     Tanke Road     Doyin Agbamu     Ishak Mohammed Sabi     Mufutau Gbadamosi Esuwoye     Waziri Yakubu Gobir     Dele Momodu     Salake     Ahmed Bayero     Malete     Sambo Murtala     Okin Group     Sardauna     Admiralty Villa     Noah Yusuf     Olusola Saraki     Bamidele Adegoke Oladimeji     Share-Tsaragi     Solomon Edoja     Senior Staff Union Of Colleges Of Education     NFAI     Jumoke Gafar     Sulu Gambari     Lola Ashiru     BECE     Tsaragi/Share     Ado Bayero     JMK Construction Company Limited     Oloriegbe     Mansur Alfanla     Funmilayo Oniwa     Okala Baba     Tsaragi     Sam Onile     Dele Belgore     Abdulrasheed Akogun