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.

Jimoh Saadudeen Muhammed     SSA Youth     Awoye     Tunji Arosanyin     Abdulbaqi Jimoh     Kwasu     Kubra Kazum     Muhammad-Mustapha Suleiman     Garba Idris Ajia     Saka Asiat Ayinke     Adamu Attah     Oja-Oba     Wale Oladepo     Paul Olawoore     Ayobami Seriki     Bilikis Oladimeji     United Nigeria Congress Party     Oba David Oyerinola Adedunmoye     Okasanmi Ajayi     Olota Of Odo-Owa     Freshvine Nigeria Limited     George Funsho Adebayo     Kale Bayero     Muhammad Mustapha Suleiman     Playing Host     Donatus Ejidike     Ayinde Oki     Oye Tinuoye     Theophilus Oyebiyi     Oke-Ero     Oba Abdulkadir La\'aro     Abdulrazaq Magaji     HICA     Laduba     Face Masks     Agbarere     KWIRS     Abdullah Janet Amudat     Local Government     Bukola Ajikobi     Ahmed Shuaib Buranga     Kolawole Bashirat     Bilikisu Oniyangi     Kulende     Facebook     Moses Rahman Popoola     Yahaya Jibril Usman     Yetunde Balogun     Unicontinental Construction Company     Marafan Shonga     Yusuf Zulu-Gambari     Abdul-Rahoof Bello     Bayo Ajia     Abdul-Rasheed Na\'Allah     Earlyon Technologies     Fola Consultant     Mazars Consulting     Ibraheem Adeola Katibi     KWASEIC     Okanlawon Taiwo     Isiaka Abdulrazak     Bola Tinubu     COVID     Saheed Popoola     Yusuf A. Usman     Ojo Fadumila     Tanke     Zainab Abass     Ajibike Katibi     A.G.F Abdulrasaq     Afetu Of Alabe     John Dara     Funmilayo Braithwaite     Shonga     Ilorin Talaka Parapo (ITP)     Salmon Babatunde Salmon     College Of Arabic And Islamic Legal Studies    

Cloud Tag: What's trending

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

Modibo Kawu     Baba-Isale     Ganiyu Taofiq     JSSCE     Elerinjare     Osinbajo     Suleiman Alege Kuranga     Saka Keji     Amos Bajeh     Kola Adesina     NFAI     PAACO-PCL Consortium     Ayo Opadokun     Azeez Salawu     Katibi Ibraheem Adeola     Ilorin Emirate     Shuaib Olarongbe     Haliru Dantoro     Aiyedun     Ahmad Olanrewaju Belgore     Olusin Of Ijara Isin     Ashiru     Olaitan Buraimoh     Alapado     Funmilayo Zubair     Taofeeq Olateju     Muyiwa Oladipo Kanu     Atiku     Kamaldeen Gambari     Zulu Gambari     Okin Malt     AbdulRazaq Jiddah     Federal Neuro-Psychiatric Hospital     Theophilus Oyebiyi     LAK Jimoh     Kwara 2015     Ohoro Of Shao     Sai Kayi     Amasa     Ibrahim Taiwo     Seni Saraki     Ahmed Idris Mohammed     Ayobami Seriki     Madawaki Of Ilorin     Saka Adeyemo     Guber Aspirant     General Hospital     John Dara     Ayinke Saka     Igosun     Victor Gbenga Yusuf     SWAN     Adeniyi Ojo     Apata Ajele Secondary School     Amuda Musbau     Kayode Bankole     Ilorin South Constituency     Saka Balikis Kehinde     Tunji Arosanyin     NAWOJ     GANZY     Mashood Abdulrafiu Agboola     Ilorin Amusement Park     Lukman Oyebanji Fagbemi     Kayode Laro     Shehu Salau     Ajakaye     Idiagbon     Lanre Aremu     Habeeb Abdullahi Al-Ilory     Manzuma     Yaman     Funmilayo Mohammed     Toyin Olayinka Tejidini     Mahe Abdulkadir     Abubakar Usman Jos     Hassan A. Saliu