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.

Taofik Abdulkareem Babaita     Al-Ilory     Gbadeyan Gbadura Yomi     Abiodun Musa Aibinu     Offa Grammer School     Abdulhakeem Amao     Share-Tsaragi     Ariyo     NIPR     Saka Aleshinloye     Kwara State Health Insurance Agency     UTME     Abdulsalam A. Yusuf     Olabode Towoju     Aremu Odolaye     Ganiyu Taofiq     Busari Toyin Isiaka     Mujtabah Bature     Abdulrazaq Magaji     Kayode Ibrahim     Olayinka Jelili Yusuf     Yomi Ogunsola     UITH     Cornelius Adebayo     Arik     Kola Olota     Kwara 2019     Muhammad Mustapha Suleiman     Shaaba Lafiagi     Musa Ayinla Yeketi     Egbewole     Isiaka Rafiu Mope     Muhammed Taofeeq Abdulrazaq     Omar Bolaji Gambari     Idowu Aremu     Olatunde Oyeyiola     Jimoh Akani     Sa\'ad Alanamu     Yahaya Abdulkareem Babaita     Bayo Ajia     Abdulmumini Sanni Jawondo     AbdulRahman Saad     Danladi     A.G.F Abdulrasaq     CCT     Eleyele     Suleiman Mora Omar     Government House     Offa     Ethical College     Bola Sagaya     Idris Garuba     Playing Host     Valsolar     Babs Iwarere     Oyun     Mufutau Gbadamosi Esuwoye     Hassan Abdulazeez Elewu     SGBN     Suleiman Abubakar     Ajuloopin     Musa Abdullahi     Aishat Mohammed Lawal     Musibau Akanji     Abdulkadir Akanbi-Oke     Henry Makinwa     Yusuf Zulu-Gambari     Shehu Salau     Medview Airlines     Centre For Digital Economy     Bureau Of Lands     Alfa Modibbo Belgore     Jebba     Aliyu U. Tilde     Ndama Al-hassan     Oluwarotimi Boluwatife Adenike     Oloriegbe    

Cloud Tag: What's trending

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

Musbau A. Akanji     Ibrahim Mashood     Abdullahi Saadudeen Alikinla     Colleges Of Education Academic Staff Union     Wahab Agbaje     Femi Ogunsola     New Naira Notes     Idris Amosa Oladipo Saidu     Fatimoh Lawal     Kulende     Ebun-Olu Adegboruwa     General Hospital, Ilorin     YAKOOYO     Muhammad Yahya     AIT Ilorin     Babajide Ajayi     Sunset Workers     Seni Saraki     Dapo Teni Nig Enterprise     Samuel Olusegun Adedayo     Ayo Salami     Bayo Onimago     Toyosi Thomas     James Kolo     GANZY     Sabo-Oke     Kamaldeen Gambari     Ileloke     Ganiyu Abolarin     Oniye     Opobiyi     Gobirawa     Modibbo Kawu     Bola Magaji     Onilupeju Of Ilupeju     Abubakar Kawu Baraje     Air Peace     Mohammed Yisa     Hassan A. Saliu     Elelu     Muslim Media Watch Group Of Nigeria     Shehu Alimi Foundation     International Aviation College     General Hospital     Abdulganiyu AbdulAzeez     Ganiyu Taofiq     Ganmo     Shade Omoniyi     Pilgrims Board     Alabi Lawal     Chief Imam Of Offa     Kamaldeen Kehinde     Oye Tinuoye     Revenue Court     College Of Health     Abdulraheem Olesin     Tunji Ajanaku     Offa Descendants Union     Olabode George Towoju     Kwara University Of Education     Abubakar Usman Jos     Kwara State Coalition Of Business And Professional Associations     Dauda Adesola     Ogbondoroko     Muhammed Aliyu     Samari     Alikinla     Kwara State Printing And Publishing Corporation     Geri-Alimi Split Diamond Interchange     Sardauna     Mohammed Kamaludeen     Omar Bolaji Gambari     SSA Youth     Isiaka Saka Opobiyi     Ilesha-Gwanara     Abdulrauf Yusuf     Toyin Abdullahi