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.

Iliasu     Alimi     Jalala     Volunteers Of Ilorin Community And The Emirate     Mahmud Ayinla Giwa     Sadiq Buhari     Tosho Yaqub     Ijagbo Health Centre     BECE     GANZY     Hakeem Lawal     Olofa Of Offa     Arinola Fatimoh Lawal     TIIDELab     March 28     Olajumoke Monsura Gafar     NAWOJ     Ilorin Curfew     Naira Redesign     Maimunat Oniyangi     Belgore     Umar Gunu     Road Transport Employers Association Of Nigeria     Turaki Of Ilorin     Public Holiday     Abdullateef Abdussalam     Ibrahim Abiodun     Sebastine Obasi     Kassim Babamale     Tayo Awodiji     All Confederation Of Principals Of Secondary Schools     Ilesha-Baruba     MATTA Girls Foundation     Abdulbaqi Jimoh     Olaiya Victor Mobolaji     Ebun-Olu Adegboruwa     Ekweremadu     IYA ALFA NLA     Joseph Yemi Ajayi     Ahmad Ali     Ohoro Of Shao     Idris Garba     Tanke Flyover Bridge     Yusuf A. Usman     Babatunde Idiagbon     Prince Bola Ajibola     Harmony Holdings     Omu-aran     Suleiman Mora Omar     Bola Iyabo Ibiyeye Adisa     Isiaq Khadeejah     Abdulrazaq Aiyelabegan     CACOVID Palliatives     Sai Kayi     Dumagi     Sheikh Alimi     Ilorin Water Reticulation     Salihu Ajibola Ajia     Usman Rifun     Association Of Kwara State Online Media Practitioners     Sango-UITH Road     Sadiq Umar     Abdulraufu Mustapha     ANCOPPS     Olatunde Olukoya     Ahman Pategi University     Babata     Segun Adeniyi     SAPZ Project     Umar Sanda Yusuf     Habeeb Saidu     KWSUED     CKNG     Saidu Kawu     Ejidongari     Umar Bayo Abdulwahab     NSCIA    

Cloud Tag: What's trending

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

ASMAU PLAZA     Adegoke Bamidele     Nigerian Supreme Council For Islamic Affairs     Oluwarotimi Boluwatife Adenike     Abiodun Oyedepo     Flights To Ilorin     Olanrewju Okanlawon Musa     Air Peace     Kwarareports.com     Binta Abubakar Mora     Fulani     Ilesha-Gwanara     Eghe Igbinehin     Offa     Rebecca Olanrewaju     Modibbo Kawu     Kwara State Fire Service     Gwanara     Adedipe     Durosinlohun Atiku     Aishat Sulu-Gambari     Paul Odama     Bahago     Peter Obi     Unilorin FM     Sa\'adu Salahu     COEASU     Ilorin Emirate Stakeholders Forum     Wakilin Mata Lafiagi     Y.A. Abdulkareem     Maigidasanma     Adebayo Salami     Bola Iyabo Ibiyeye Adisa     Adolescent Girls Initiative For Learning And Empowerment     Jawondo     Kwara State Infrastructure Development Fund     MalHub     NTA Ilorin     Shehu Alimi Foundation     Ishola Moses Abiodun     AGF Abdulrazaq     V.O. Abioye     Akeem Olatunji     Computer Based Test     Gani Saadu     Alagbado     NYSC     Issa Manzuma     Tunji Oyawoye     Adesina Simon Sodiya     Adamu Atta     Hamza Usman     Osi     Saadu Gbogbo Iwe     Voices Of Tomorrow     Roseline Oni Aremu     Jumoke Monsura Gafar     Tosin Saraki     Facebook     Inside Kwara     Sarah Alade     Sidikat Alaya     Fatima Abolore Jimoh     Baba Issa Awoye     Amina El-Imam     Olatunji Abdulmumeen     GRA     Ohoro Of Shao     Shettima Of Ilorin     Abdullahi Saadudeen Alikinla     Surajudeen Akanbi     Saka Adeyemo     Maryam A. Garuba     Zara Umar     Mohammed Kamaludeen     Baba Idris     College Of Education