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.

Dan Iya     Ike Ekweremadu     Ilorin Likeminds Foundation     Third Estate     Yaru     Mohammed Saidu     Oro Grammar School     Al-Adaby     Asiwaju Bola Tinubu     Albert Ogunsola     Jare Olatundun     Muazam Nayaya     Deji Ajani     CT Ayeni     Iponrin     Olosi Of Osi     Ademola Kiyesola     Ilota     Kudirat Arinola Lawal     Twitter     Abdulraheem Yusuf     George Funsho Adebayo     Olupako Of Share     GRA     Dunmade     Umar Saro     Olatunji Ayeni     Students Union Government     Eghe Igbinehi     Ubandoma Of Ilorin     Yusuf Amuda Gobir     Metro Park     Ezekiel Yissa Benjamin     Balogin Alanamu     Emir Of Ilorin     Mope Dasuki Belgore     Kwara State Fire Service     Sobi FM     Mohammed Kamaludeen     Usman Alkali Baba     Isa Aremu     Ibrahim Abdulqadir Abikan     Yusuf Abdulwahab     Victor Gbenga Yusuf     Sobi Hill     Elerin Of Adanla Irese     Abdullahi Atanda     Oja-Oba     Hassan A. Saliu     Balikis Jawondo     Ahmad Fatima Bisola     Olateju Lukman     Kwara State Infrastructure Development Fund     Abubakar Suleiman     Mashood Dauda     National Democratic Congress     Wasiu Odewale     Hassan Taiye Salam     Quareeb     Ibraheem Abdullateef     Chief Of Staff     IYA YUSUF     Shuaib Olarongbe     Oke-Ero     Kamaldeen Gambari     Sa\'adu Salau     Sheriff Olanrewaju     Muhammed Taofeeq Abdulrazaq     Shehu Alimi Foundation For Peace And Development     AGILE Programme     Elerinjare-Ibobo     Demola Banu     Wahab Egbewole     Savannah Centre For Diplomacy, Democracy And Development     Sarah Alade     Kunle Suleiman     Salihu Ajia    

Cloud Tag: What's trending

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

African Democratic Congress     Iyabo Adewuyi     Ibrahim Jawondo     Harmony Holdings     Kale Kawu     Surajudeen Akanbi     George Funsho Adebayo     Yusuf Mubarak     Kwara State Television (KWTV)     PPS     Olatunde Olukoya     Neo Mundo Ltd     Mohammed Tunde-Jimoh     Raliat AbdulRazaq     Haliru Yahaya     Shuaib Boni Aliyu     Modupe Oluwole     Ubandawaki     Chief Imam Of Lafiagi     Idofin     Abdulrazaq Aiyelabegan     Christopher Tunji Ayeni     GGDSS Pakata     Solomon Edoja     Trader Moni     Ariyo     Bamidele Adegoke     Sabo-Oke     MMWG     Bursary     Ishola Balogun Fulani     Durosinlohun Kawu     Oke Sunna     Bibire Ajape     College Of Arabic And Islamic Legal Studies     Abubakar Usman Jos     Issa Memunat Moyosore     MalHub     Abdulfatai Ahmed     Iyabo Dupe Adekeye     Mutawali Of Ilorin     Erubu Oba Zubair     Olusin Of Ijara Isin     Alimi     Turaki     Anilelerin     Bayer AG     Sabi     Tosin Saraki     Olayinka Jelili Yusuf     Just Law Forum     Abdulmumini AbdulRazaq     Idiagbon     Islamic Development Bank     Revenue Court     Bayo Onimago     Oluwarotimi Boluwatife Adenike     IFK     Ronke Adeyemi     Federal Road Maintenance Agency     Alabe     Naira Redesign     Kannike     Kpotum Mohammed Baba     Kishira     Shururat Olatinwo     Yahaya A Paniyaro     Michael Nzwekwe     Raji Ayodele Kamaldeen     Maimunat Oloriegbe     Yusuf Amuda Gobir     Valsolar-Kwara Company Limited     Yusuf Abdulwahab     Kwara Poly     ASMAU PLAZA     TETFUND     Teachers Specific Allowance