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.

Tanke Flyover Bridge     Kupchi Hosea Maxwell     Shehu Alimi Foundation     Opolo Global Innovation Limited     Hamza Usman     Sunday Popo-Ola     Metro Park     Arca Santa     Edret Sabi Abel     Babaita     Modibbo Kawu     John Dara     Afonja Descendants Union     Amusa Bello     Ilorin     Coronavirus     Sabi     Muritala Awodun     SWAN     Vasolar Consultoria     ASUU     Ahmad Fatima Bisola     Gbadeyan Gbadura Yomi     Alaiye     Sulyman Tejidini     Patience Jonathan     Madawaki Of Ilorin     Garba Ayodele Wahab     Rebecca Olanrewaju     Durbar     Kazeem Adekanye     Olayinka Oladapo Jogunola     Centre For Community Empowerment And Poverty Eradication     Oyin-Zubair     ER-KANG     TESCOM     Ghali Alaaya     Abdul-Rahoof Bello     Waziri Yakubu Gobir     Kayode Ogunlowo     Haruna Tambiri Mohammed     Baba-Isale     Shonga     Third Estate     Yunus Lawal     Ijagbo     Durbar Festival     Lawal Olohungbebe     Abegunde Goke     Orisun Igbomina     Oju Ekun Sarumi     Omotosho     Iyaloja-General     Salman Jawondo     Assayomo     KWSIEC     ER-KANG Mining Nigeria Company Limited     Siraj Oyewale     Umar Danladi Shero     Ademola Kiyesola     Moshood Bakare     Junior Secondary School Certificate Examinations     Umar Gunu     TESCOM 2025     Khairat Gwadabe     Kisira     Alabi Lawal     Hassan Taiye Salam     Sunset Workers     Adamu Jemilat-Baki     Wahab Egbewole     Micheal Imodu-Ganmo Road     Garba Ado Sanni     Ahmed Alhasssan     Monthly Sanitation Exercise     Memunat Monsuma     N-Power    

Cloud Tag: What's trending

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

Elekoyangan     Aishatu Ahmed Gobir     Okala Baba     Alaaya     Galadima     Hakeem Lawal     Kwara State Governor     Saad Omo\'ya     Maigida     Babatunde Ishola Babaita     Zara Umar     Mutawali Of Ilorin     Trader Moni     Sulyman Atolagbe Alege     Maigida Soludero Transit     Iqra Books     Bayo Ajia     Elesie Of Esie     Baba Isale     Emmanuel Bello     SARS     Rotimi Oyedepo     Eghe Igbinehi     Aliyu Salihu     Bahago     Ibrahim Abduquadri Abikan     HAMFAT Clinic And Maternity     Kwara State Printing And Publishing Corporation     Boko Haram     Tunji Oyawoye     Doyin Awoyale     Bankole Omisore     Babajide Ajayi     Lanre Issa Onilu     Vasolar Consortium     Atiku     Tunde Oyawoye     Sunset Workers     Toyosi Thomas     Lanre Badmus     Okanlawon Taiwo     Code Of Conduct Tribunal     Makama Of Kaiama     Mohammed Abdulahi     Kwara     Amuda Musbau     Kpotum Mohammed Baba     Habeeb Saidu     Senior Ibrahim Suleiman     Kayode Ishola     Islamiya Abdulraheem     Idofin     Lola Ashiru     Olayinka Olaogun     ASUU     Wahab Issa     RTEAN     Muideen Olaniyi Alalade     Ahman Patigi     Shuaibu Yaman     John Olajide Adedipe     NTA Ilorin     COVID-19 Palliatives     Issa Oloruntogun     Jimoh Lambe Abdulkareem     Ilorin East     Adijat Adebiyi     Kayode Issa     Christian Association Of Nigeria     Falokun-Oja     Ballah     Bank Of Industry     Sayomi     CUTI     Simeon Sayomi     Ibraheem Abdullateef     Aisha Buhari