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.

George Innih     Bank Of Industry     Oko-Olowo     Abdulbaqi Jimoh     Idowu Aremu     Kemi Adeosun     Taofeek Ibraheem     Katibi Ibraheem Adeola     Abdulganiyu Salahudeen     Bankole Omishore     Saka Balikis Kehinde     Alaaya     Mumini Ishola Hanafi     Isa Aremu     KWATMA     Kwara State Fish Farmers Association     Adama Isa     Chief Imam Of Offa     Elerin Of Adanla     Wahab Femi Agbaje     Vishvas KOZ Tractors     IDPU     Busari Alabi Alausa     March 28     Yeketi     Ridwan Agboola     Playing Host     Revenue Court     Marufat Oladosu     Micheal Imoudu     Olosi Of Osi     Kwara 2019     Gafaru Olayiwola Olorisade     TIIDELab     Abiodun Oyedepo     Federal Neuro-Psychiatric Hospital     Binta Sulyman     Abdulmajeed Wahab     Suleiman Idris     Adesoye     Mogaji Aare     Ilorin Emirate Stakeholders Forum     John Obuh     Makama     Oba Abdulkadir La\'aro     Asa     Government House     Barakat Community Secondary School     Marafan Shonga     Abdulwaheed Musa     Oyawoye     David Oyedepo     Fatai Olodo     Folajimi Aleshinloye     Babs Iwarere     Adamu Jemilat-Baki     Bolaji Nagode     Dasuki Belgore     Muhammad-Mustapha Suleiman     Tafida Of Kaiama     Emir Of Ilorin     Rotimi Samuel Olujide     Abubakar Atiku     Okeose Christian Cementary     Kuliyan Geri     Tricycle Owners Association Of Nigeria     Christopher Odetunde     Sardauna     Bamidele Adegoke     Okin Biscuits     Abdulazeez Arowona     Zulu Gambari     Curfew     Yahaya Dumoye     Monsurat Omotosho     Mary Kemi Adeosun     Kwara State Television    

Cloud Tag: What's trending

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

Ahmed Saidu Rufai     A.O. Belgore     Saka Asiat Ayinke     Musa Ayinla Yeketi     Makama     Isiaka Yusuf     Babs Iwarere     Gbadeyan Gbadura Yomi     Hausa     Towoju     Olukotun Of Ikotun     Shola Odetundun     Issa Oloruntogun     Ayinde Oyepitan     Economic And Financial Crimes Commission     Kulende     SAPZ Project     Fareedah Dankaka     Isaac Gbenle     Moses Rahman Popoola     Rafiu Ibrahim     Borgu     Niyi Ogundiran     Ahmed Shuaib Buranga     Kamoru Kadiri     Chief Imam Of Offa     IDPU     Kayode Bankole     Mahfouz Adedimeji     Shuaibu Yaman Abdullahi     Olatunji Abdulmumeen     Nurudeen Mohammed     CBT     John Dara     Saidu Yaro Musa     Abdulraheem Yusuf     Shaaba Lafiagi     Alimi     International Public Sector Accounting Standards     Abdulquowiyu Olododo     Olumide Daniel Ibitoye     Law School Scholarship     Kazeem Adekanye     Sherif Shagaya     Mustapha AbdulGaniyu     Isiaka AbdulRazaq     Leke Ogungbe     Aisha Ahman Pategi     Ezekiel Yissa Benjamin     Abdulrazaq Solihudeen     Amina El-Imam     Photo News     Sidikat Uthman Ajibola     Yakubu Danladi     Baba-Isale     PPS     Olokoba     Habeeb Abdullahi Al-Ilory     Alapansapa     Imam Gambari     Abdulkareem Alabi     March 28     Yahaya A Paniyaro     Akanbi-Oke     HICA     Inside Kwara     Joseph Alex Offorjama     Salihu Yahaya     First Lady     Jani Ibrahim     Nigeria Association Of Women Journalists     Valsolar     Alaaya     Muftau Akanbi Oke     Shuaib Boni Aliyu     Yusuf A. Usman     James Kolo