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.

Habeeb Saidu     Gbugbu     Florence Saraki     Arinola Lawal     Isin     Oniyangi     Ayodele Kuburat Olaosebikan     Kwara Liberation Group     Akande Idowu Ayoola Muhammed     Bilikis Oladimeji     Aminu Adisa Logun     Oyedepo     Ahmed Bayero     Offa Descendants Union     Share-Tsaragi     Gabriel Fashanu     Ibrahim Labaika     Tsaragi-Share     Yusuf Amuda Abubakar     Ilorin Innovation Hub     Aso Ofi     Coronavirus     Yakubu Mohammed Abdullahi     Simeon Sule Ajibola     Ahmad Belgore     Bola Iyabo Ibiyeye Adisa     JAMB     Kwasu     University Road     Sulyman Age AbdulKareem     Afolabi-Oshatimehin     Ibrahim Abduquadri Abikan     Kupchi Hosea Maxwell     Islamic Development Bank     Oba Abu     Kawu     Micheal Imoudu     Adegoke Bamidele     Valsolar Consortium     FOMWAN     Babatunde Ajeigbe     Oro Grammar School Old Students Association     Omu Aran     Bukola Saraki     Abdullahi Dasilva Yussuf     Ibrahim Akaje     Code Of Conduct Bureau     Osuwa     Monthly Sanitation     Afonja Descendants Union     AbdulRazaq Abubakar Jiddah     Lithium     Kassim Babamale     Ashiru     Plat Technologies     Saka Balikis Kehinde     Clara Nwachukwu     Government High School Adeta     Aremu Bose Deborah     Kale Kawu     Kwara Polytechnic     Wahab Olasupo Egbewole     Justina Oha     Shonga Farm Project     Pilgrims Board     TIIDELab     Muhammad Mustapha Suleiman     Folashade Omoniyi     Lanre Issa-Onilu     Aliyu Muhammed     Olatunji Ayeni     Jare Olatundun     Ayeyemi Sulaiman     Patigi Regatta     Diagnostic Centre     Donatus Ejidike     Roheemat Hammed    

Cloud Tag: What's trending

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

Abdulrauf Aliyu     Baakini     Senior Special Assistant On Student Affairs     Kola Olota     KWASIEC     Alloy Chukwuemeka     Malete     KWASSIP     C2c@kwarastate.gov.ng     Muhammad-Mustapha Suleiman     Nigerian Army     Lasiele Alabi Yahaya     Salman Alada     Isiaka Gold     Abubakar Aliagan     Ita-Ore     Dunmade     Suleiman Yahya Alapansapa     Federal Polytechnic Offa     Ramadan     Voices Of Tomorrow     Olusin Of Ijara Isin     Olupako Of Share     Hakeem Idris     Al-Hikmah Radio     Ayobami Seriki     Muhammed Aliyu     Lola Olabayo     Baba Adini Of Kwara State     Elesie Of Esie     Afolabi-Oshatimehin     Millennium Development Goals     April 11     Wasiu Odewale     Shehu Alimi Foundation     Saliu Ajia     Council Of The Wise     CBT     Ayeyemi Sulaiman     Oladimeji Thompson     Funmilayo Oniwa     Veterinary Teaching Hospital     Abdulrahman Abdulrazaq     Olanrewju Okanlawon Musa     Magaji Are     Jimoh Olusola Imam     Kwarareports.com     Yusuf Olaolu Ali     Valsolar-Kwara Company Limited     Abdullahi Adisa Akodudu     Just Law Forum     Third Estate     Haliru Yahaya     Adewuyi Funmilayo     Javed Khan     Baba-Isale     Taofik Mustapha     SSA Youth     Gbemisola Saraki     Abubakar Olusola Saraki     Olokoba     Okanlawon Taiwo     Ileloke     Park     Saraki     Ilorin West     Omoniyi Ayinla     JAAC     Yusuf AbdulRasheed     SGBN     Ibrahim Bio     Sadiq Buhari     Mustapha Akanbi     Donatus Ejidike     Shagari     Baruten     Countryside Emerging Leaders Fellowship