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.

Ishola Moses Abiodun     Muslimah Entrepreneurship Forum     SSUCOEN     Musa Abdullahi     Kayode Ibrahim     Yusuf Lanre Badmus     ASKOMP     Esinniobiwa Quareeb     Nigeria Computer Society     Majlis For Sadakah, Zakat And Waqf     Muhammad Fawaz Abubakar     Yusuf Aiyedun     Soffiyyallah Kamaldeen     Elerin Of Erin-Ile     Clement Yomi Adeboye     Michael Nzekwe     CACOVID Palliatives     Oba Abdulraheem     Aminat Omodara     Shehu Alimi Foundation     Aliyu Kora-Sabi     Yusuf Ali     Ilorin Amusement Park     Moshood Kashimawo Abiola     Seed Technologies     Funmilayo Zubair     Mashood Dauda     KWIRS     Apaokagi     Lawal Arinola Kudirat     CCEPE     Balikis Jawondo     Stephen Fasakin     Taofeek Sanusi     Olayinka Oladapo Jogunola     Okanlawon Musa     Onilu     Bello Abubakar     Tinubu     Kayode Issa     Mohammed Tunde-Jimoh     Aso-ofi     Imodoye Writer’s Enclave     Ilorin Airport     Dasuki Belgore     Yahaya Jibril Usman     Toyosi Thomas     Babatunde Idiagbon     Ibrahim Akaje     Kwara Apc     Jelili Yusuf     Haliru Dantoro     Kayode Ishola     International Vocational Centre     Bashir Badawi     AbdulRazaq Abubakar Jiddah     Diagnostic Centre     Apaola     Ibrahim Taiwo Road     Muhammed Abdullahi     Abdulganiyu Salahudeen     Shuaib Olarongbe     Olawuyi     Muslim Media Watch Group Of Nigeria     Jumoke Gafar     University Road     Katibi Ibraheem Adeola     Joseph Daudu     Mumeen Lah     Aminu Ado Bayero     Sa\'adu Salau     Obayomi Azeez     David Oyerinola Adedunmoye     Ahman Pategi     Alabi Olayemi Abdulrazak     Maja     MATTA Girls Foundation    

Cloud Tag: What's trending

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

JAAC     Students Union Government     Arca Santa     Bibire Ajape     Firdaos Amasa     Abdullahi Biffo     Trade Lenda SME Fair     Onilupeju Of Ilupeju     Abdulkadir Bolakale Sakariyah     Osuwa     Kwasu     QuickWin     Al-Hikmah Radio     Eleja     Lafiagi     Amada Jidda     Idowu Laro     Ambassador Kayode Laro     Abdulkarim Adisa     Saadu Gbogbo Iwe     Okin High School     Ajayi Okasanmi     Haliru Yahaya     Adanla-Irese     Olukotun Of Ikotun     Idofin     Garba Idris Ajia     Aliyu Kora-Sabi     Lateef Ademola Olatunji     Peter Amogbonjaye     Ndama Al-hassan     Crystal Corner Shops     Lanre Issa-Onilu     Olabode Towoju     Emir Of Shonga     Raliat Islamic Foundation     Okin Group     Pacify Labs     Shonga Farm Project     Nurudeen Muhammed     Umar Gunu     Erubu Oba Zubair     Gbugbu     Centre For Digital Economy     NITDA     Nigerian Correctional Service     Admiralty Villa     Ilorin Amusement Park     Mufutau Olatinwo     Pakata Development Association     Ajeigbe     Sidikat Alaya     Olokoba Sulyman     AbdulHakeem Ajibola Akanbi     Funmilayo Mohammed     Tunde Akanbi     Khairat Gwadabe     TIC     Sarah Jubril     Ilorin Durbar     Abdulazeez Uthman     Surajudeen Akanbi     VADA     Facebook     Ganiyu Abolarin     Isiaka Yusuf     Opaleke Bukola Iyabo     Mustapha Akanbi     Saliu Mustapha     Isiaka Saka Opobiyi     Mohammed Ghali Alaaya     Oke-Ogun     Arinola Fatimoh Lawal     Segun Abifarin     Iyabo Dupe Adekeye     Turaki     Kwara State Fire Service