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.

Kwara State Council Of Chiefs     Mufutau Gbadamosi Esuwoye     Funke Adedoyin     Academic Staff Union Of Universities     20 Billion Bond     Kannike     Niyi Ogundiran     Moses Adekanye     Special Agro-industrial Processing Zone     Adamu Atta     Erubu     Iqra Books     Arinola Fatimoh Lawal     Raliat AbdulRazaq     Maja     Split Diamond Interchange     Saidu Isa     Omu-aran     Okanlawon Taiwo     Sobi     Toyin Olayinka Tejidini     Ojuekun     TETFUND     Abdulmumin Yinka Ajia     Umar Sanda Yusuf     Bamidele Aluko     Tsaragi/Share     Post Utme     Aliyu Umar     Innocent Okoye     Abubakar Aliagan     Gbadeyan Gbadura Yomi     Jalala     Ibraheem Adeola Katibi     Ijakadi     Abdulrauf Aliyu     Saliu Shola Taofeek     Hijaab     Hausa     Offa Metropolitan Club     Jumoke Monsura Gafar     ITEM 7     Standard Organization Of Nigeria     Muhammad Fawaz Abubakar     Taiwo Joseph     Halidu Danbaba     Kayode Yusuf     Mohammed Alabi Lawal     Ayodele Shittu     Jimoh Olusola Imam     Khairat Gwadabe     Prince Bola Ajibola     Ilorin Emirate     Earlyon Technologies     Yahaya Jibril Usman     Afonja Descendants Union     Kwara Coalition Of Business And Professional Associations     Kazeem Oladepo     Isiaka AbdulRazaq     Shururat Olatinwo     Yakubu Mohammed Abdullahi     Kwara State Printing And Publishing Corporation     Ahmad Olayiwola Kamaldeen     Makama Of Ilorin     Toyin Falola     Ilorin Airport     Jimoh Akani     Idiagbon     Yusuf Olaolu Ali     Abubakar Ndakene     KWAFFA     Oba David Oyerinola Adedunmoye     Kwara Apc     Islamiya Abdulraheem     Umar Gunu     Buhari     Durosinlohun Atiku    

Cloud Tag: What's trending

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

KWAFFA     Umar Bayo Abdulwahab     Saka Saadu     Abdulwahab Oba     Durbar     All Confederation Of Principals Of Secondary Schools     Kayode Issa     Abdullahi Saadudeen Alikinla     Yakubu Mohammed Abdullahi     Jumoke Gafar     Bashirat Bola Bello     Tinubu Legacy Forum     Muhammad Sirajo Aliyu     Senate President     Rebecca Bake     Chief Imam Of Omu-Aran     Muhammed Danjuma     Mamman Saba Jibril     PAACO-PCL Consortium     Special Agro-Industrial Hub     Suleiman Alege Kuranga     Musa Ayinla Yeketi     Kwara South     Flights To Ilorin     Ibrahim Agboola Gambari     Adegoke Bamidele     Kwara Politics     Otunba Taiwo Joseph     Saliu Oluwole     Moronfoye     Olohungbebe     Akorede     Bola Ahmed Tinubu     Adebara     Ridwan Agboola     Abdulrahman Onikijipa     Ijakadi     LAK Jimoh     Bayo Mohammed Onimode     Yahaya Seriki Gambari     Iponrin     Jamila Bio Ibrahim     Samuel Olusegun Adedayo     Noah Yusuf     Abdul Jimoh Mohammed     Aliyu Adebayo     Bola Magaji     Olaitan Adefila     Olatunji Moronfoye     Alabe     Alapado     Aliyu U. Tilde     Ridhwanullah Al-Ilory     Summit University     Muhammad Yahya     Bilikisu Gambari     Kisira     Titus Suberu-Ajibola     Cassava Growers\' Association     Ibrahim Oniye     Eghe Igbinehin     Adedeji Onimago     Kwara North     Taofik Abdulkareem Babaita     Agboola Babatunde     Aminu Adisa Logun     Saheed Alakoso     Peculiar Allowance     Kayode Ishola     Aisha Ahman-Pategi     Bank Of Industry     KWASEIC     Bolakale Kawu Agaka     Age AbdulKareem     ER-KANG Mining     Zara Umar     Idowu Aremu