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.

Kwara Hotel     Yemi Sanni     Niyi Ogundiran     Odo-Owa     Borgu     Tunde Kazeem     Mahmud Durosinlohun Atiku     Moji Makanjuola     Shuaibu Yaman Abdullahi     Mohammed Alabi Lawal     Yakubu Gobir     Oba Abdulrahim     Post-utme     Basit Olatunji     Florence Saraki     Bayo Ajia     Alaiye     Elerinjare-Ibobo     Saliu Ajia     Aishatu Ahmed Gobir     Lateef Alagbonsi     Musibau Akanji     Kwara NIPR     Popo-Igbonna     Sobi Hill     Sheikh Hamzat Yusuf Ariyibi     Alapansapa     Saadatu Modibbo-Kawu     Rotimi Atere     Musa Yeketi     Oye Tinuoye     National Pilot     John Kehinde Salako     Oluwarotimi Boluwatife Adenike     Kolade Solagberu     Kwara Apc     Sardauna     Federal Polytechnic Offa     Amule Elementary School     Mahee Abdulkadir     MATTA Girls Foundation     Cornelius Fawenu     Turaki Of Ilorin     AbdulGaniyu Kareem     Ndakene     Hikmah AbdulKareem     Kwara State Television (KWTV)     Olatunde Olukoya     Ope Saraki     Oluwatoyin Lukman     Ayodele Shittu     Law School Scholarship     Ashiru     Code Of Conduct Bureau     PPS     Talaka Parapo     Ariyo     Police Commissioner     Local Government Pension Board     Ubandoma     Sobi Specialist Hospital     Gambari     Innocent Okoye     Ibrahim Issa Jetti     Mohammed Ibrahim     Isiaka Rafiu Mope     S.O. Opowoye     Dan Iya Of Ilorin     Lanre Olosunde     Risikat Lawal     Kwara Primary Health Care Development Agency     Modibo Kawu     Baruten     Marafan Shonga     Busari Alabi Alausa     Tafidan Kaiama     Kassim Babamale    

Cloud Tag: What's trending

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

Ramadan     Ibrahim Mohammed     KWASEIC     Kayode Bankole     Dorcas Afeniforo     Special Adviser On Digital Innovation     Kuliyan Geri     Olatunde Oyeyiola     Kassim Babamale     Muftau Akanbi Oke     Monthly Sanitation Exercise     Amasa     Taibat Ayinke Ahmed     Basic Education Certificate Examination     Bamikole Omishore     Shero     Matthew Okedare     Undergraduate Bursary     Ahmad Ali     Www.Kwarareports.com     Opaleke Bukola Iyabo     Stephen Fasakin     Rice Farmers Association Of Nigeria     Garment Factory     Ibrahim Issa Jetti     Oniyangi     Adamu Ibrahim Sabi     Joseph Daudu     Owo Isowo     Yomi Ogunsola     Afusat Nike Ibrahim     Salman Alada     Abdulmutalib Shittu     Tunji Moronfoye     Bio Ibrahim     Shola Odetundun     Salihu Ajibola Ajia     Rueben Parejo     Kwara State Football Association     AbdulRaheem Ahmad Shayi     Joana Nnazua Kolo     Abdulrauf Aliyu     Turaki Of Ilorin     Shonga Farm Project     Chief Imam Of Offa     Ghali Muhammed     Abdulbaqi Jimoh     Hajj     Mohammed Yisa     Council Of The Wise     Haliru Yahaya     Titus Ashaolu     Baboko     COVID-19 Palliatives     Olokoba Abdullahi Ayinla     Olushola Saraki     Crystal Corner Shops     Ajibola Ademola Julius     Galadiman Ngeri     Titus Suberu-Ajibola     Malete     Bukola Saraki     Mazars Consulting     Muhammadu Buhari     Lai Mohammed     Eleyele     Kola Shittu     Quran     Azeez Bello     HYPPADEC     Ministry Of Women Affairs And Social Development     AbdulRazaq Abubakar Jiddah     Ajibike Katibi     SUBEB     Irepodun     Sobi     Kwara 2019