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.

Rotimi Oyedepo     Seed Technologies     Yahaya Dumoye     Roheemat Hammed     08001000100     Yusuf Amuda Abubakar     Playing Host     Ibrahim Abdulqadir Abikan     Olatunji Moronfoye     Ilorin South Constituency     Alao Ayotunde     Ahman Pategi     Bluenile Associates     Yunus Lawal     Emir Of Lafiagi     Kupchi Hosea Maxwell     Chikanda     Harmony Holdings     Abubakar Abdulraheem     Mohammed Tunde-Jimoh     Michael Nzwekwe     CUTI     Oba David Oyerinola Adedunmoye     Iyabo Adewuyi     Sobi Hill     Akande Idowu Ayoola Muhammed     Michael Nzekwe     Woro     Ayinde Oki     Salihu Jibril Garbi     Issa Baba     Abdulkadri Ahmad Alaiye     Buhari     Gaa Olobi     Ishaq Abdulkarim     Eruku     College Of Arabic And Islamic Legal Studies     Onilupeju Of Ilupeju     Police Commissioner     Muritala Awodun     Musbau A. Akanji     Suleiman Alege Kuranga     National Party Of Nigeria     Khairat Gwadabe     Kannike     Baruten     Ijakadi     Yashikira     Musa Aibinu     High Court     Seni Saraki     Salmon Babatunde Salmon     Fatimat Saliu     Hakeem Idris     Mohammed Yisa     Summit University     Aremu Odolaye     Kwara Poly     Raymond Olaitan     Abdulquowiyu Olododo     University Road     Saliu Alamoyo     Mohammed Khadijat Kubura     KWASEIC     Amos Sayo     Olatunji Bamgbola     Oko-Erin     Bola Tinubu     Olabode George Towoju     Asa     Abdulrahman Abdulrasak     Kwara Teaching Service Commission     Kemi Adeosun     Mahmud Babatunde Baker     Abdulmumini Jawondo     Maigida Soludero Transit     Saba Jibril    

Cloud Tag: What's trending

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

Obayomi Azeez     Harafat E. Mukadam     Valsolar     Joseph Bamigboye     Federal Polytechnic Offa     Saliu Oluwole     Mashood Abdulrafiu Agboola     Abdullahi Biffo     Kayode Ogunlowo     Isaac Aderemi Kolawole     Sabitiyu Grillo     Kisra     Vasolar Consortium     Kunle Okeowo     Agbarere     Dauda Adeniran Adeshola     Oke-Ode     Road Transport Employers Association Of Nigeria     Old Oyo     Kupchi Hosea Maxwell     Chief Imam Of Omu-Aran     Yunus Oniboki     Lukman Oyebanji Fagbemi     Muhammad Fawaz Abubakar     Samuel Olusegun Adedayo     Ahmed Alhasssan     John Olobayo     Abdulquowiyu Olododo     Esuwoye     Musbau A. Akanji     Owu Fall     Micheal Imoudu     Tsaragi/Share     JUSUN     Tunde Mukaila Mustapha     Tunji Ajanaku     Saka Onimago     Asiwaju Bola Tinubu     Neo Mundo Ltd     Kolawole Bashirat     Sobi     GANZY     Bayo Onimago     Abdulkadir Bolakale Sakariyah     Prince Sunday Fagbemi     Bayo Lawal     Yusuf Aiyedun     Yakubu Mohammed Abdullahi     Emir Of Lafiagi     Zulkifli Ibraheem     Chief Of Staff     Mogaji Aare     Amoyo     Saka Isau     HAMFAT Clinic And Maternity     Balogun Fulani     Ronke Adeyemi     Adedeji Onimago     Kwara Pdp     Col. Taiwo     Hassan Abdulazeez Elewu     Afonja Descendants Union     Oba Abdulrahim     Elewu     Okanlawon Taiwo     Oja-Oba     Na\'Allah     Toyin Abdullahi     Suleiman Yahya Alapansapa     NIPR     Yahaya Dumoye     Ilesha Gwanara Road     Harrison Osauwagboe     Sobi Specialist Hospital     Ahmed     Saliu Ajia     Ilorin South Constituency