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.

Oko Erin     Oya State     Yekini Adio     Kwara North     Vasolar Consortium     Olugbense     Alaro     Iyabo Dupe Adekeye     Ishaq Salman     Fatima Abolore Jimoh     Adamu Attah     Mamatu Abdullahi     Oko     Ayoade Akinnibosun     Shagari     Jaigbade Alao     Abubakar Ndakene     Illyasu Abdullahi     Oko-Olowo     Ayedun     Siddiq Adebayo Idowu Salawu     Chartered Institute Of Personnel Management Of Nigeria     Issa Memunat Moyosore     Sheikh Alimi     Ibrahim Sulu Gambari     Isiaka Oniwa     Idowu Laro     S.O. Opowoye     Muhammed Abdullahi     Khairat Gwadabe     Asa LGEA School     Oloruntoyosi Thomas     Abdulrazak Shehu Akorede     Umaru Saro     Muslim Cementary     Sarah Jubril     Mopelola Abdulmaliq-Bashir     Kwara State Council Of Chiefs     Funmilayo Braithwaite     Sam Onile     Kwara University Of Education     Ramat Oganija     Shuaibu Yaman     KWATMA     Harmony Holdings     AbdulRazaq Abubakar Jiddah     Muhammad Toyin Sanusi     Patience Jonathan     NIRSAL     Towobola Abdulrahman Toyin     Isiaka Alikinla     Christopher Odetunde     Adedayo Yusuf Abdulkareem     Oluwarotimi Boluwatife Adenike     Standard Organization Of Nigeria     Pakata Patriots     Abatemi-Usman     Rapheal Ashaolu     Abdulbaqi Jimoh     Femi Ogunsola     Ridhwanullah Al-Ilory     SWAN     Emir Of Lafiagi     Chief Imam Of Omu-Aran     Hussein Oloyede     Oloye     Apaokagi     Muhammed Taofeeq Abdulrazaq     Iyaloja-General     Women Radio     Eleja     Government High School Adeta     Bolakale Kawu     Awwal Jawondo     Lanre Jimoh     Muritala Awodun     PAACO-PCL Consortium    

Cloud Tag: What's trending

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

Gobir     Christopher Ayeni     Abiodun Oyedepo     Muhammad Akande Olarewaju Odunade     COVID     Post-utme     Prince Mahe Abdulkadir     Baba Adini Of Kwara State     Muazam Nayaya     Michael Nzekwe     Umar Bayo Abdulwahab     Onilupeju Of Ilupeju     Kazeem Oladepo     Ibikunle Ogunleye     Kayode Oyin Zubair     JMK Construction Company Limited     Timothy Akangbe     Taofik Abiodun Ahmed     Onilorin     Dan Iya Of Ilorin     Afonja Descendants Union     Gbemi Saraki     Ganiyu Abolarin     Olaitan Buraimoh     Salman Alada     Hamid Bobboyi     Isin     Dele Momodu     Surajudeen Akanbi     Code Of Conduct Tribunal     Ayobami Akanbi     Oke-Kura     Taofeek Ibraheem     Gbugbu     Laduba     Anilelerin     Emmanuel Olatunji Adesoye     Clement Yomi Adeboye     Students Union Government     Ibrahim Abdulkadir Abikan     Moremi High School     Adama Isa     Adeleke Ogungbe     Fatimah Abdulkadir     Sango-UITH Road     Tunji Arosanyin     Bola Shagaya     Logun     Olofa Of Offa     Tunde Akanbi     Idofin     Yusuf Babatunde Abdulwahab     Salman Jawondo     Olayinka Oladapo Jogunola     Jimoh Bashir     Yomi Ogunsola     Kolade Solagberu     Hakeem Lawal     Colleges Of Education Academic Staff Union     Kwara TV     Muhammadu Buhari     Benin Republic     Ajuloopin     Abubakar Lah     NULGE     Olabode Towoju     Moses Adekanye     SSA Youth     Standard Organization Of Nigeria     Abdulmumini AbdulRazaq     Adamu Attah     Ubandoma Of Ilorin     Ibrahim Orire     Presidential Election     Amina Susa\'a De Ahmed     Olatunji Ayeni     Baba Issa