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.

KWIRS     Sheikh Ariyibi     Jimoh Akani     Bola Olukoju     Taofik Abdulkareem     Aishatu Ahmed Gobir     ER-KANG Mining     NNPP     Shururat Olatinwo     Baba Adini Of Kwara State     Samuel Adedoyin     Abdulrazaq Solihudeen     Sidikat Alaya     Alabere     Aisha Ahman-Pategi     Hakeem Idris     Saliu Mustapha     Kunbi Titiloye     Rashidi Yekini     Yusuf Ibitokun Sherifat     Funmilayo Oniwa     Haliru Yahaya     Ben Duntoye     Musa Ayinla Yeketi     Federal Neuro-Psychiatric Hospital     Shuaib Abdulkadir     UNILORIN Alumni     Quarry Royal Valley     Najim Yaasin     Amusa Bello     General Tunde Idiagbon International Airport Ilorin     Magaji Are     Nigeria Governors\' Forum     Ilorin Descendants Progressive Union     Sulaiman Gado     Kwara NIPR     Atunwa     Kwara State Television     Amule     Aso-ofi     Revenue Court     Belgore     Salaudeen Oyewale     Harafat E. Mukadam     Ubandoma Of Ilorin     Christopher Tunji Ayeni     Zulu Gambari     Akande Idowu Ayoola Muhammed     Buari Edun     Salake     Kwara State Fish Farmers Association     Bello Abubakar     Ishaq Abdulkarim     YAKOOYO     Ayodele Olaosebikan     Ibrahim Orire     Reuben Paraje     Okin Biscuit     Abdullateef Abdussalam     Doyin Awoyale     Sunday Popo-Ola     MalHub     Funmi Salau     Rabiu Kwankwaso     Afolabi-Oshatimehin Adenike Harriet     Pilgrims Board     Sunday Fagbemi     Gbadeyan Gbadura Yomi     Muideen Olaniyi Alalade     Issa Manzuma     International Aviation College     Isa Aremu     Elerin Of Erin-Ile     Magaji Erubu     Muritala Awodun     Isau     George Innih    

Cloud Tag: What's trending

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

Emir Of Yashikira     Unilorin FM     Tsaragi     Sa\'adatu Modibbo-Kawu     Gbadeyan Gbadura Yomi     Baruten     Unilorin     Abdulmumini Sanni Jawondo     Yakubu Danladi     Centre For Community Empowerment And Poverty Eradication     Bello Taoheed Abubakar     Oyelere Oyinloye     Mahfouz Adedimeji     Senate     Habeeb Saidu     Balogin Alanamu     Olabanji Orilonishe     Garuba Alikinla Shittu     Mohammed Haruna     Age AbdulKareem     AbdulRauf Keji     Taibat Ayinke Ahmed     Sunset Workers     Sambo Murtala     Kayode Laro     Alagbado     Abdulrahman Onikijipa     Lanre Badmus     Sunday Otokiti     Alfa Belgore     Maryam A. Garuba     Charcoal     Okedare     Issa Baba     Kwara     Olatunde Oyeyiola     Centre For Digital Economy     Muslim Cementary     Abdulbaqi Jimoh     Sheikh Ariyibi     V.O. Abioye     Musibau Akanji     Ibraheem Abdullateef     Baakini     Aso-ofi     Shonga     Abdulwasiu Bolaji Adeyi     Taofeek Sanusi     Kayode Bankole     Clement Yomi Adeboye     Abdulrazaq Aiyelabegan     Shettima Of Ilorin     Kayode Yusuf     Afolabi-Oshatimehin Adenike Harriet     Abdullahi Saadudeen Alikinla     Third Estate     Busari Alabi Alausa     Atiku Abubakar     International Public Sector Accounting Standards     Senate Presidency     Women For Change And Development Initiative     Aliyu Alhassan     Ahmed Shuaib Buranga     Yusuf Abdulwahab     Mohammed Kamaludeen     Students Union Government     Femi Ogunsola     Yahaya Muhammad     General Hospital, Offa     Baruba     Maimunat Oniyangi     Jimba Babatunde     KWATMA     Hussein Oloyede     Waheed Ibrahim     Haliru Yahaya     Democracy Day