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.

Ola Falade     Aminat Omodara     Olawuyi     Arik     Saka Abimbola Isau     Yusuf Abdulraheem     Muhammad Toyin Sanusi     Saudat Abdulbaqi     Kayode Oyin Zubair     Makama Of Ilorin     Muhammed Aliyu     PAACO-PCL Consortium     20 Billion Bond     Mohammed Haruna     David Oyerinola Adedunmoye     Matthew Babaoye     Saka Onimago     Saad Omo\'ya     Busari Alabi Alausa     Village Alive Development Association     Kola Ologbondiyan     Ajase-Ipo     Maigida     Unilorin FM     Tafida     Michael Imoudu National Institute For Labour Studies     National Information Technology Development Agency     Oba David Oyerinola Adedunmoye     KWATMA     Aliyu Kora-Sabi     Kwara State Polytechnic     Ibraheem Adeola Katibi     Obuh     Sebastine Obasi     Ile Arugbo     Issa Baba     Niguel Gallando Marcias     Oniye     Sabi     Shola Odetundun     Ronke Adeyemi     Nnazua     Oluronke Adeyemi     Muhammed Abdullahi     Oloriegbe     Haleeman Salman     Agboola Babatunde     Adeola Abraham     Bank Of Industry     Kumbi Titilope     Kwara South     Falokun-Oja     Abdulsalam A. Yusuf     Kwara State Council Of Chiefs     Government Girls’ Day Secondary School Pakata     Oju Ekun Sarumi     Titus Suberu-Ajibola     Tinubu Legacy Forum     Hameed Oladipupo Ali     Adisa Logun     Turaki     Musa Yeketi     Harafat E. Mukadam     Donatus Ejidike     Sunday Otokiti     Amusement Park     Muhammed Taofeeq Abdulrazaq     Aasiyat Bello Oyedepo     Manzuma     NTA Ilorin     Alloy Chukwuemeka     Elerinjare     Kale Kawu     Yakubu Danladi     Split Diamond Interchange     Temitope Ogunbanke     CKNG    

Cloud Tag: What's trending

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

David Oyerinola Adedunmoye     Sa\'adu Gambari     Ishaq Salman     Mansurat Amuda-Kannike     Sulyman Tejidini     Ilorin West     Jawondo     Bola Olukoju     Monthly Sanitation     Al-Hikmah Radio     Senate Presidency     Akande Idowu Ayoola Muhammed     Kwara Consultative Forum     Salake     Oyedepo     Baba Issa     Bola Magaji     Makama     Clara Nwachukwu     Oja-Oba     Abdulkareem Alabi     Lafiagi     Oba Of Jebba     Ishola Moses Abiodun     Ramadan     Sheriff Shagaya     Rasheed Jimoh     Tunde Idiagbon Road     Shehu Jimoh     Jimoh Lambe Abdulkareem     Medinat Folorunsho Salman     Doyin Agbamu     Bature Bello     Muideen Olaniyi Alalade     Trader Moni     Towobola Abdulrahman Toyin     Bareke     Muritala Awodun     Tosho Yaqub     Vasolar     Isin     Lotus Bank     Ilorin International Airport     Abdulkadri Ahmad Alaiye     Alagbado     Oniwasi Agbaye     Toyin Abdullahi     Aliyu Muhammed     Neo Mundo Ltd     Baruten     Timothy Olatunde Fadipe     Abdulrasheed Na\'Allah     Abdulmumini Sanni Jawondo     April 11     Oba Mogaji Abdulkadir     KWASAA     Obasanjo     Saidu Isa     Ilorin Talaka Parapo (ITP)     Adeniyi Ojo     Saka Asiat Ayinke     Toyin Saraki     Bio Ibrahim     Ali Ahmad     Police Commissioner     Mohammed Yahaya Barki     Nupe     Okin Biscuit     Rebecca Bake     Federal College Of Education (Special), Afon     Zainab Abass     Abatemi Usman     Kulende     Patience Jonathan     Muslim Media Watch Group Of Nigeria     Tafidan Kaiama     Communication Network Support Services