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.

Shuaibu Yaman Abdullahi     Rabiu Kwankwaso     Shehu Alimi Foundation     Alfa Yahaya Road     PAACO-PCL Consortium     Kwara TV     Ilorin West/Asa Federal Constituency     Jelili Yusuf     Ado Ibrahim     Alabi Lawal     Taofeeq Olateju     Olam Food Ingredients     Ishaq Salman     Laboratory-to-Product     Labaeka     Kayode Yusuf     Ilorin Anchor Men And Women     KSIRS     Ilorin South Constituency     Yakubu Gobir     National Union Of Road Transport Workers     Otunba Taiwo Joseph     Muritala Awodun     Idowu Aremu     Kwara State Television     Yusuf Babatunde Abdulwahab     Oyeyemi Olasumbo Florence     Baba-Isale     Ilesha-Baruba     Shola Odetundun     AbdulRauf Keji     Abdullahi Samari     Ojuekun     Segun Abifarin     Gbenga Awoyale     Tsaragi-Share     University Road     Kwara Basketball Association     Fatai Garuba Labaka     Olosi Of Osi     Ezekiel Yissa Benjamin     Amos Justus Sayo     Offa Descendants Union     Universal Basic Education Commission     Yusuf AbdulRasheed     Yoruba     Rice Farmers Association Of Nigeria     Ahmad Olayiwola Kamaldeen     SDP     Ilorin Like-Minds     Senior Ibrahim Suleiman     Titus Suberu-Ajibola     Zulu Gambari     Amoyo     Seed Technologies     Tosho Yaqub     Azeez Salawu     Senate President     Folaranmi Aro     Lawal Jimoh     Shehu Raheem Adaramaja     Isau     Abdulmumini Sanni Jawondo     MATTA Girls Foundation     Makama Of Ilorin     Iyiola Oyedepo     Jimoh Lambe Abdulkareem     Ilorin East     Yahaya Oloriegbe     AbdulRazaq Jiddah     Adebayo Salami     Abdullahi G. Mohammad     Asa LGEA School     Kamaldeen Gambari     Ilorin Water Reticulation     National Party Of Nigeria     Hassan Oyeleke    

Cloud Tag: What's trending

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

Sambo Murtala     Www.Kwarareports.com     Jimoh Bashir     Saadu Alanamu     Saadatu Modibbo-Kawu     Rex Olawoye     Bolakale Kawu Agaka     Public Holiday     Yakub Lai Gobir     Oluwole Dupe     Kwha.gov.ng     Akorede     Kumbi Titiloye     Ojo Fadumila     Afonja     Elese Of Igbaja     Oro Grammar School     Mary Kemi Adeosun     SSUCOEN     Adolescent Girls Initiative For Learning And Empowerment     Sobi FM     Idris Garba     Yoonus Kola Olatinwo     United Nigeria Congress Party     Adedayo Yusuf Abdulkareem     Olukotun Of Ikotun     Abdulmajeed Abdullahi     Ghali Alaaya     Yusuf Babatunde Abdulwahab     FERMA     A.E. Afolabi     Okala Baba     LEAH Charity Foundation     Abdullah Janet Amudat     Abdulsalam A. Yusuf     Abdulbaqi Jimoh     Labour Party     Esuwoye     Kwara Metro Park     Jumoke Gafar     Abdulmajeed Wahab     Tescom.kwarastate.gov.ng     Shehu Salau     Kaiama     ITP     Shao     Oniwa     Lukman Adeloyin     Issa Oloruntogun     Tinubu Legacy Forum     Bamidele Adegoke Oladimeji     Abdulmumini Sanni Jawondo     EndSARS     Barakat Community Secondary School     Moremi High School     Rueben Parejo     Chemiroy Nigeria Limited     Computer Based Test     Opobiyi     NIPOGA     Abdulfatai Salman Baakini     IF-K     Olokoba Sulyman     Omu Aran     Oke-Odo     Abdulmumini AbdulRazaq     Communication Network Support Services     John Kehinde Salako     JUSUN     Kwara State Fish Farmers Association     Adamu Jemilat-Baki     Baaziki Sulaiman     Henry Olaosebikan     Moses Salami     Kwara State Television     Segun Olawoyin     Ibrahim Jawondo