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.

Aasiyat Bello Oyedepo     JAAC     Oke-Ode     Ayotunde Emmanuel Alao     Mohammed Ghali Alaaya     Pilgrims Board     Ibrahim Mashood     Christopher Tunji Ayeni     Tunji Arosanyin     Senior Special Assistant On Student Affairs     Mahmud Ayinla Giwa     Bibire Ajape     Ahmed Alhasssan     Tinubu Legacy Forum     Bashirat Bola Bello     GRA     March 28     All Peoples Party     LAK Jimoh     Sulyman Buhari     Societe Generale Bank Of Nigeria     Yunus Lawal     Folorunsho Alao     Oluwatoyin Lukman     Kwara TV     Kayode Zubair     Binta Abubakar Mora     Muhammed Abdullahi     All Confederation Of Principals Of Secondary Schools     Ilorin East     Nigerian Medical Association     John Kehinde Salako     Oro Grammar School Old Students Association     Ilesha Gwanara Road     Abubakar Olusola Saraki     Ilorin Water Reticulation     Marufat Oladosu     Yusuf Abdulwahab     Asa LGEA School     Ilorin Emirate Staff Association     Sango-UITH Road     Apaokagi     ITP     Sam Onile     March 18     Onilu     Dan-Kazeem     Afolabi-Oshatimehin Adenike Harriet     Share-Tsaragi     Lola Ashiru     AbdulHamid Adi     Elekoyangan     Sa\'adu Salau     Toyin Saraki     Smart School     Dogara     Mopelola Abdulmaliq-Bashir     Dar-Al-Handasah Consultants     Isiaq Khadeejah     Femi Agbaje     Read With Me     Razaq Atunwa     Bolaji Nagode     Eruku     Ubandawaki     Sheriff Shagaya     Busari Alabi Alausa     Sobi Specialist Hospital     Centre For Peace And Strategic Studies     Olatunji Ayeni     Agbarere     General Hospital, Ilorin     Hassan Abdulazeez Elewu     Cassava Growers\' Association     Adedeji Onimago     Harmony Holdings     Veterinary Teaching Hospital    

Cloud Tag: What's trending

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

Olusola Saraki     MalHub     Allocation     Ibraheem Abdullateef     All Peoples Party     Ethical College     Samuel Adedoyin     Sun Qing Rong     PharmAccess Foundation     Sidikat Alaya     Shehu Alimi Foundation     NSCIA     Jimba Babatunde     TESCOM 2025     Ogidi-Oloje     Ajibola Saliu Ajia     Lawal Jimoh     Yusuf Olaolu Ali     Abdulwahab Oba     Jamila Bio Ibrahim     Mopelola Abdulmaliq-Bashir     Rice Farmers Association Of Nigeria     Seun Bolaji     Asiwaju Bola Tinubu     Kayode Ibrahim     Adeola Abraham     Kola Ologbondiyan     KW-GIS     Ilesha Gwanara Road     Afolabi-Oshatimehin     Fulani     Alabere     Charles Ibitoye     Aso-ofi     Kwara Primary Health Care Development Agency     FOMWAN     AbdulGaniyu Kareem     Yakubu Gobir     Budo Egba     Yaru     Vasolar Consultoria     Gbemi Saraki     Okanlawon Taiwo     Aliyu Salihu     Kwara Volleyball Association     Abdulkadir Remi Hawawu     Muhammadu Buhari     Laduba     Kayode Issa     Ella Supreme Tissue Paper     Suleman Abubakar     Agboola Babatunde     Mansurat Amuda-Kannike     Elekoyangan     Ado Bayero     Just Event Online     Tunde Kazeem     Salihu Jibril Garbi     Tunde Oyawoye     Ilorin Airport     Bayo Mohammed Onimode     Ilorin Like-Minds     Muslim Stakeholders Of Kwara State     Kupchi Hosea Maxwell     Aliyu Muyideen     Makama Of Kaiama     Oba Abdulraheem     Taofik Abiodun Ahmed     David Oyepinola Adedumoye     Halimat Yusuf     Nigerian Army     General Hospital, Offa     New Naira Notes     Ado Ibrahim     ASKOMP     SSUCOEN     Adamu Jemilat-Baki