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.

CCT     Saka Adeyemo     Timothy Akangbe     Moses Rahman Popoola     Umar Ayinla Saro     Orisa Bridge     Dan-Kazeem     Najim Yaasin     Salmon Babatunde Salmon     Bashiru Makama     Cornelius Adebayo     Olatunji Ayeni     Tunji Moronfoye     Adeleke Ogungbe     Azeez Salawu     Yusuf Ibitokun Sherifat     Mohammed Alabi Lawal     Binta Abubakar-Mora     Association Of Kwara State Online Media Practitioners     Owo Arugbo     Junior Secondary School Certificate Examinations     Maryam Ado Bayero     Umar Adelodun     High Court     Agboola Abdulraheem     Nupe     Haruna Tambiri Mohammed     Ilesha-Gwanara     Shuaib Olarongbe     Abiodun Jacob Ajiboye     Tsaragi     Wole Oke     COEASU     Henry Olaosebikan     Kayode Ishola     Congress For National Consensus     MATTA Girls Foundation     TESCOM     Tunji Olawuyi     Saheed Akinwumi     Doyin Group     Ilorin Durbar     Issa Memunat Moyosore     Bahago     Tunde Mukaila Mustapha     Emir Of Yashikira     Olawuyi     Simon Sayomi     Abdulwahab Ololele     Yakubu Mohammed Abdullahi     Esinrogunjo     Bibire Ajape     Ahman Pategi     Moshood Bakare     Aminat Omodara     Mashood Abdulrafiu Agboola     Rotimi Samuel Olujide     Maigida Soludero Transit     Niyi Ogundiran     NSCIA     Theophilus Oyebiyi     Abdulganiyu Salahudeen     Olabanji Orilonishe     Hydro-electric Power Producing Areas Development Commission     Aremu Bose Deborah     Kayode Zubair     IHS Towers     Pakata     Roheemat Hammed     Donatus Ejidike     Aso Ofi     Ibrahim Gambari     ITP     Arca Santa     Gbenga Adebayo     Eghe Igbinehi     Vasolar Consortium    

Cloud Tag: What's trending

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

Muhammad Fawaz Abubakar     Onilupeju Of Ilupeju     Yaru     Ola Falade     Abiodun Jacob Ajiboye     Plat Technologies     Barakat Community Secondary School     Abdulfatai Baakini     Salmon Babatunde Salmon     Shuaib Olarongbe     Dasuki Belgore     Haleeman Salman     Salihu Alhaji Musa     Muhammad-Mustapha Suleiman     Prince Bola Ajibola     Dumagi     Yoonus Lawal     Baba Issa Awoye     Solomon Edojah     Alabi Olayemi Abdulrazak     Y.A. Abdulkareem     Bilikisu Gambari     Issa Oloruntogun     Amosa     Joseph Daudu     Yusuf Abdulraheem     Aliyu Umar     Ibrahim Gambari     Bola Sagaya     QuickWin     Ahmed Bolaji Nagode     AbdulQowiy Olododo     Kwara State Fish Farmers Association     Lafiagi     Olota Of Odo-Owa     Ghali Muhammed     NNPP     Kwara Teaching Service Commission     Esinrogunjo     Kwara State Polytechnic     ARMTI     Lawyers Unite Against Corruption     Offorjama     Alaaya     Sola Saraki Educational Foundation     Ibrahim Sulu Gambari     Park     Air Peace     Najim Yaasin     Ilorin Amusement Park     Kemi Adeosun     Offa Metropolitan Club     Waziri Yakubu Gobir     John Kehinde Salako     Village Alive Development Association     Senate Presidency     Kayode Laro     Ilota     Haruna Tambiri Mohammed     Adesoye College     Aso-ofi     Alimi     Halimah Perogi     Unicontinental Construction Company     Stephen Fasakin     Dele Belgore     Rashidi Yekini     Kwara Restoration Project     Yusuf Abdulkadir     Col. Taiwo     Hausa     Mohammed Ghali Alaaya     AbdulHamid Adi     Tosho Yaqub     Nurudeen Mohammed     Lai Gobir     Modupe Oluwole