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.

Oasis Muslim Care Foundation     Razak Atunwa     Ishak Mohammed Sabi     Olufolake Abdulrazaq     Olubukola Kifayat Adedeji     VADA     Suleiman Idris     Kwara State Council Of Chiefs     Boko Haram     Halimat Yusuf     Muhammadu Gobir     Issa Baba     Radio Kwara     Ibrahim Gambari     Jare Olatundun     Kola Olota     Owu Fall     Folorunsho Erubu     Olatunde Jare     Aro Yahaya     Sadiq Buhari     Olayinka Are     Gabriel Fashanu     Sulyman Buhari     Alliance For Democracy     Garba Idris Ajia     Offa Poly     Wahab Isa     Eruku     Ahman Patigi     Abdul Jimoh Mohammed     Village Alive Development Association     Segun Ogunsola     Muritala Awodun     Tunji Olawuyi     Salman Alada     Balogun-Ojomu     Baba Adini Of Kwara State     Umar Bayo Abdulwahab     Third Estate     Suleiman Rotimi Iliasu     Isiaka Yusuf     Ilorin West/Asa Federal Constituency     Ganmo Power Sub-Station     Orisun Igbomina     NURTW     Haliru Yahaya     Prince Mahe Abdulkadir     Abdulrauf Yusuf     Bamidele Adegoke Oladimeji     Emir Of Ilorin     Garment Factory     Offa Grammer School     Harafat E. Mukadam     Gbugbu International Market     Yaru     Sardauna     Sango-UITH Road     Moses Salami     Laboratory-to-Product     Olaiya Zuberu     Abdulahi Abubakar Bata     Irepodun     Saliu Mustapha     Oloje     Turaki Of Ilorin     Communication Network Support Services     Mohammed Khadijat Kubura     Buhari     TESCOM     Musbau A. Akanji     Ndakene     Ahmad Uthman     Rasaq Jimoh     Agboola Babatunde     Abdulraheem Olesin     Kwara-SAPZ Project    

Cloud Tag: What's trending

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

Kwara Basketball Association     Chief Imam Of Omu-Aran     Balogun-Ojomu     Ayodele Shittu     International Vocational Centre     Saka Aleshinloye     Mufutau Gbadamosi Esuwoye     Olofa Of Offa     Ojuekun     Yusuf Ibitokun Sherifat     Florence Saraki     Ishola Moses Abiodun     Bank Of Industry     Omotoso     Elese Of Igbaja     Ebola     Yoonus Lawal     Paul Odama     Sidikat Akaje     Jimoh Saadudeen Muhammed     Sola Saraki Educational Foundation     Women Radio     Bamidele Adegoke Oladimeji     Iliasu     Kale Belgore     Alloy Chukwuemeka     Babatunde Ajeigbe     Abdulmumini AbdulRazaq     Kisira     Kwarareports     Dankaka     Femtech     Kolawole Akande     Al-Hikmah Radio     Okasanmi Ajayi     Countryside Emerging Leaders Fellowship     Lanre Olosunde     Yusuf Mubarak     Otuka     Post-utme     Amos Justus Sayo     Yakubu Mohammed Abdullahi     Ayegbeni     Maigida     Rotimi Oyedepo     Gambari     Goodluck Jonathan     Muhammad Ghali Alaaya     Hakeem Idris     07039448763     Shola Odetundun     Adijat Adebiyi     Oyawoye     Raji AbdulRasaq     Centre For Community Empowerment And Poverty Eradication     Oloriegbe     Economic And Financial Crimes Commission     Nigeria Governors\' Forum     Isaac Aderemi Kolawole     Metro Park     March 28     Salmon Babatunde Salmon     Kawu     Muslim Cementary     Ahmed \'Lateef     Muhammadu Buhari     Saka Keji     Kulende     Abdullahi Adisa Akodudu     Asiwaju Bola Tinubu     Kuliyan Geri     Adedayo Yusuf Abdulkareem     Laboratory-to-Product     2023 Elections     Assayomo     James Ayeni     Kwara State Government