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.

Prince Sunday Fagbemi     Ethical College     ASMAU PLAZA     Abdulmajeed Abdullahi     Hajj     Wasiu Onidugbe     Rasaq Jimoh     Amos Bajeh     Maigida Soludero Transit     Idris Garuba     Tsaragi-Share     Olota Of Odo-Owa     Alimi     Moremi High School     Akorede     Elerin Of Erin-Ile     Sarah Alade     Air Peace     Adamu Ibrahim Sabi     Omar Bolaji Gambari     Pilgrims Board     Al-Hikmah Radio     George Innih     Deji Ajani     Mohammed Abduraheem     Oba Abdulkadir La\'aro     Centre For Community Empowerment And Poverty Eradication     Bello John Olanrewaju     CACOVID     Col. Ibrahim Taiwo     NSCIA     Wole Oke     Modupe Oluwole     Shoprite     IHS Towers     Mohammed Yisa     Bluenile Associates     Wahab Abayawo     Jebba     Senate Presidency     Muhammadu Gobir     Femi Agbaje     Rebecca Olanrewaju     NaAllah     Salihu S. Yaru     Kwara Teaching Service Commission     GGDSS Pakata     Senior Staff Union Of Colleges Of Education     Omar Gambari     Oniwa     Yakub Lai Gobir     Nigerian Correctional Service     Siraj Oyewale     Igosun     Isiaka Alikinla     Saduki Lafiagi     Abdulazeez Arowona     Mufti Of Ilorin     Ibrahim Akaje     Kwara State Printing And Publishing Corporation     Kola Ologbondiyan     Sa\'ad Alanamu     Baba Adini Of Kwara State     Olaiya Zuberu     Playing Host     Gwanara     Gobirawa     Federal Allocation     Metro Park     Mujtabah Bature     KWATMA     Radio SBS     Abdul-Rahoof Bello     Federal Polytechnic Offa     Kawu     Ahmed Mohammed Rifun     Abdulwaheed Musa    

Cloud Tag: What's trending

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

Olayinka Jelili Yusuf     Hassan Saliu     Ilorin Central Mosque     Jimoh Lambe Abdulkareem     Abdulmumin Yinka Ajia     Amusa Bello     Kale Kawu     YAKOOYO     AbdulGaniyu Kareem     Agboola Babatunde     Wahab Abayawo     Idi-Ape     Obayomi Azeez     Rapheal Ashaolu     Congress For National Consensus     Ramadan     Babaita     Damilola Yusuf     Kwara     Gbajabiamila     Kwara State University Of Education     Shuaibu Yaman     AbdulRaheem Ahmad Shayi     Government Girls’ Day Secondary School Pakata     Mustapha Olanipekun     Rotimi Oyedepo     Baba Idris     Kayode Zubair     Kwara State Governor     Sheikh Ariyibi     Guber Aspirant     Medview Airlines     Omar Bolaji Gambari     ITP     Sobi Hill     Azeez Salawu     Oniye     JSSCE     Oba Abdulrahim     Kishira     Nigerian Medical Association     Centre For Digital Economy     Alapado     Chief Imam Of Offa     Yusuf Abdulwahab     Quareeb     Sun Qing Rong     Olatunji Ibrahim     Oba Abdulkadir La\'aro     Yakubu Mohammed Abdullahi     Toyin Saraki     Mutawali     Shagari     Monthly Sanitation Exercise     Ibrahim Mashood     Odo-Owa     Abdulrahman Iliasu     Salary     GRA     KWIRS     Muhammadu Buhari     Isaac Aderemi Kolawole     Florence Saraki     Asa LGEA School     Abubakar Baba Sulaiman     Lanre Issa Onilu     Ilota     Abdulmumini AbdulRazaq     Abdulmutalib Shittu     Ibrahim Abikan     Alaiye     Kwara South     Ghali Alaaya     Oloruntoyosi Thomas     Isau     Lanwa     Ileloke