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.

Aliyu Olatunji Ajanaku     Abdulwahab Oba     Hassan Saliu     Gobirawa     JAMB     Elections     Omotoso Musa     Hussein Oloyede     Is\'haq Modibbo Kawu     Rotimi Atere     Transition Implementation Committee     Photo News     Chartered Institute Of Personnel Management Of Nigeria     Yahaya Seriki Gambari     Saliu Ajia     Henry Olaosebikan     Yusuf Arowosaye     Tunde Mukaila Mustapha     Osi     Baba Isale     Ita-Ore     Mansurat Amuda-Kannike     Lukman Oyebanji Fagbemi     Kwara Central     Malete     Odolaye Aremu     Raheem Adaramaja     Oba Abdulkadir La\'aro     Ajia-Bako     Sa\'adu Salau     Jimba Babatunde     Simon Sayomi     Bibire Ajape     Durosinlohun Atiku     Lanre Badmas     Joana Nnazua Kolo     Abdullah Janet Amudat     Oba Sulaiman Asude     Trader Moni     Toun Okewale-Sonaiya     Jamila Bio Ibrahim     Isiaq Khadeejah     TESCOM     Tosho Yaqub     Yaman     Unicontinental Construction Company     Yomi Adeboye     Obasanjo     MMWG     Apaokagi     Atiku     Abdulwasiu Bolaji Adeyi     Abubakar B.M     Suwa-Arabs     Amina El-Imam     Oyin-Zubair     Alaro     CACOVID Palliatives     Ethical College     Babs Iwarere     Omoniyi     Mamman Saba Jibril     Shao     Yusuf Abdulkadir     Offa Grammer School     Mohammed Yahaya Barki     Isiaka Alikinla     Shero     Yinka Aluko     Muhammad Yahya     Christopher Tunji Ayeni     Principal Private Secretary     Kudirat Arinola Lawal     Issa Oloruntogun     AGILE Programme     Ubandoma     Ganmo    

Cloud Tag: What's trending

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

Kamaldeen Kehinde     M.Y. Abdulrahaman     Salihu S. Yaru     Rachael Obisesan     2023 Elections     Mufti Of Ilorin     Share-Tsaragi     Kayode Bankole     Omoniyi Ayinla     Muhammad Akande Olarewaju Odunade     Bukola Ajikobi     Yetunde Balogun     HAMFAT Clinic And Maternity     Turaki Of Ilorin     Elerin Of Adanla     Modibbo Kawu     Saliu Tunde Bello     Fola Consultant     Guber Aspirant     Abiodun Oyedepo     Adisa Logun     Sanusi Abubakar     Bello Oyedepo     Olatunji Bamgbola     Segun Adeniyi     Olatunji Ayeni     Yakubu Mohammed Abdullahi     Doyin Agbamu     NURTW     Post Utme     Omotoso     CCT     Hakeem Idris     Sa\'ad Alanamu     Royal FM     Minister     New Naira Notes     Bamidele Adegoke     Musbau A. Akanji     Shade Omoniyi     Kwara State Fish Farmers Association     Otuka     David Oyerinola Adedunmoye     Belgore     Suleiman Abubakar     Tafida     Aliyu Olatunji Ajanaku     Segun Ogunsola     Council Of The Wise     Alabere     Elesie Of Esie     Kazeem Gbolagade     New Nigeria People’s Party     Agbarere     Lotus Bank     Student Learning Support Helpline     Kwara     KWAFFA     NSCIA     Muhammadu Buhari     Ayobola Ipinlaiye     Agor Market     IEDPU     Sulaiman Gado     Omar Gambari     Muhammad Sirajo Aliyu     Sabo-Oke     Folorunsho Alao     Saliu Alamoyo     Abdulrahman Iliasu     Olajumoke Monsura Gafar     Igbomina     Abdulfatai Salman Baakini     Kolade Solagberu     Kwara State Sports Commission     Kunle Okeowo     Abdulwaheed Musa