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.

Abdulrazaq Akorede     Ilesha-Baruba     Muhammed Danjuma     Abdulmutalib Shittu     Public Holiday     Abdulmumini Jawondo     Olatunji Abdulmumeen     Omotosho     African Democratic Congress     Alabi Lawal     Okin High School     Dauda Adesola     Bola Magaji     Usman Rifun     Woro     Musa Aibinu     Elerinjare     KWIRS     Unicontinental Construction Company     Facebook     Matthew Okedare     Saliu Mustapha     Kayode Ibrahim     Gobir     Oni Adebayo     Saidu Yaro Musa     Ibrahim Taiwo Road     Sa\'ad Alanamu     Iyeru Grammar School     Ibrahim Abdulqadir Abikan     Kayode Ishola     Gbadeyan Gbadura Yomi     Mamatu Abdullahi     Naira Redesign     Nigerian Supreme Council For Islamic Affairs     Babatunde Idiagbon     Lawal Olohungbebe     Kwara Liberation Group     Tunji Folami     Ilesha-Gwanara     Okasanmi Ajayi     Bashir Badawi     Kwarareports.com     Kwara University Of Education     Salaudeen Oyewale     Kayode Oyin-Zubair     Suwa-Arabs     Yusuf AbdulRasheed     Halimah Perogi     Ishola Abdullahi     Shuaib Boni Aliyu     Clara Nwachukwu     Bashiru Makama     Kolade Solagberu     Muyiwa Oladipo Kanu     Kayode Issa     Olohungbebe     Wahab Femi Agbaje     MAI Akande     Ndakene     Gbenga Adebayo     Gbenga Awoyale     Dumagi     Mohammed Haruna     Kamaldeen Gambari     Kpotum Mohammed Baba     Lawal Jimoh     Garba Ado Sanni     CT Ayeni     All Peoples Party     Muslimah Entrepreneurship Forum     Doyin Awoyale     Maja     Mike Omotosho     Jimba Babatunde     Abdulmumini Sanni Jawondo     Peter Amogbonjaye    

Cloud Tag: What's trending

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

Muhammad Mustapha Suleiman     Bamikole Omishore     Onilu     Shuaib Boni Aliyu     Suwa-Arabs     Tosho Yaqub     Share/Tsaragi     Eleja Taiwo Banu     Oyun     Igbaja     Yakubu Danladi     Laduba     Joseph Offorjama     UTME     Muhammed Taofeeq Abdulrazaq     Muslim Stakeholders Of Kwara State     Abdullahi Saadudeen Alikinla     Babs Iwarere     Read With Me     Usman Yunusa     Ibrahim Gambari     Ilesha-Baruba-Gwanara     Akorede     IEDPU     Umar Saro     Sarkin Malamai     Mufutau Olatinwo     Nurudeen Mohammed     Olosi Of Osi     Iyaloja-General     David Oyepinola Adedumoye     Abubakar Bature Sulu-Gambari     Maryam Nurudeen     Isiaka Oniwa     George Funsho Adebayo     Femi Agbaje     Muslim Media Watch Group Of Nigeria     Bolaji Nagode     Yakubu Dogara     Chief Imam Of Lafiagi     Geri-Alimi Split Diamond Interchange     Olawuyi     Olokoba Abdullahi Ayinla     Sulyman Buhari     National Pilot     Kayode Ibrahim     Kwara State Infrastructure Development Fund     Seed Technologies     Adesoye College     Taofeek Sanusi     Baakini     Aso Ofi     Ethical College     Academic Staff Union Of Universities     Ibrahim Abdullahi     George Innih     Shettima Of Ilorin     Suleiman Abubakar     Asa     Mohammed Ajia Ibrahim     Bashirat Bola Bello     Abdulganiyu AbdulAzeez     Prince Sunday Fagbemi     Okin High School     Bio Ibrahim     Amosa     Eleyele     Obuh     Ophthalmological Society Of Nigeria     Offa Descendants Union     Obayomi Azeez     Cornelius Fawenu     C2c@kwarastate.gov.ng     Tope Daramola     Yaman     Ayinke Saka     Abraysports FC