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.

Ayobami Seriki     Razak Atunwa     Abdulahi Abubakar Bata     Ganmo     Alagbado     Abikan     Ajase-Ipo     Ubandawaki     Towobola Abdulrahman Toyin     Umar Danladi Shero     Universal Basic Education Commission     LEAH Charity Foundation     Oluranti Idowu     Nigeria Governors\' Forum     Omotoso Musa     Amule Elementary School     Omoniyi M. Ayinla     Timothy Akangbe     IHS     Mohammed Yahaya Barki     Funmilayo Oniwa     Baba Idris     Mahmud Babatunde Baker     N-Power     MMWG     Ola Falade     Mazars Consulting     C2c@kwarastate.gov.ng     James Ayeni     Face Masks     Baboko     Omar Gambari     Kwabes     Marufat Oladosu     Kawu Baraje     Kwara Muslim Pilgrims Welfare Board     Yakubu Gobir     COEASU     Ambassador Kayode Laro     Yakubu Dogara     IF-K     Abdulrauf Aliyu     Ajasse-Ipo     KWASEIC     UNILORIN Alumni     IFK     Taofeeq Olateju     Bolakale Ayo     Sarkin Malamai     Ibrahim Mohammed     New Nigeria People’s Party     Yusuf Lanre Badmas     Kuliyan Geri     NAWOJ     Kamoru Kadiri     Afolasade Opeyemi Kemi     Adebayo Salami     Amina El-Imam     First Lady     Sarakite     Michael Ologundea     Titus Suberu-Ajibola     Abdulkareem Alabi     Olatunji Ayeni     CBT     Sanusi Abubakar     Abdulrahman Abdulrazak     Simeon Ajibola     Kwara State Infrastructure Development Fund     Geri-Alimi Split Diamond Interchange     Raliat Elelu-Habeeb     Abdulazeez Uthman     Bukola Saraki     Read With Me     Wasiu Odewale     Hamidat Sulyman-Yusuf     Saka Adeyemo    

Cloud Tag: What's trending

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

Ibrahim Labaika     Kwara State Coalition Of Business And Professional Associations     Habeeb Saidu     Assayomo     S.O. Opowoye     Yusuf Lawal     Baba Issa     Raji Ayodele Kamaldeen     Adebayo Salami     Abdulrazaq Solihudeen     Kayode Oyin-Zubair     Hamidat Sulyman-Yusuf     Ariyo     Abubakar Bature Sulu-Gambari     Busari Toyin Isiaka     Abdulrazaq Sanni     T And K FOODS     Moshood Bakare     Sherif Shagaya     Abdulwaheed Musa     Oke Sunna     Ola Falade     Ndama Al-hassan     Tunji Oyawoye     Olaoye B. Felix     PPS     Abubakar Abdullahi Bata     Nurudeen Muhammed     Ayodele Shittu     Abubakar Imam     Abiodun Oyedepo     Oba Abdulrahim     Ijagbo     Mahe Abdulkadir     Oniyangi     JSSCE     Ebola     Olatunde Oyeyiola     Bature Bello     Federal College Of Education (Special), Afon     Muhammadu Gobir     Oro Grammar School     Olota Of Odo-Owa     Bola Shagaya     Micheal Imoudu     Peter Obi     Abdulrahman Abdulrasak     Seni Saraki     Markaz Arabic And Islamic Training Institute, Agege     Centre For Peace And Strategic Studies     Sidikat Akaje     Gbenga Adebayo     Coalition Of Kwara North Groups     Abdulrahman Abdulrasaq     Yahaya Seriki     NULGE     Theophilus Oyebiyi     JMK Construction Company Limited     Amos Sayo     Abubakar Ndakene     PAACO-PCL Consortium     Sarah Alade     Barakat Community Secondary School     Convocation Ceremonies     Magaji Nda     Oye Tinuoye     Sulyman Abdulkareem     Sheikh Ariyibi     Salihu Jibril Garbi     Ishola Moses Abiodun     Shuaib Boni Aliyu     Metro Park     George Innih     Aliyu U. Tilde     Aliyu Muyideen     NITDA     General Hospital