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.

Centre For Digital Economy     Mufutau Gbadamosi Esuwoye     Ayotunde Emmanuel Alao     Moro     Iyabo Dupe Adekeye     Shehu Salau     Minister     Biliaminu Aliu     Oniwasi Agbaye     Babatunde Ishola Babaita     Olatunji Moronfoye     ER-KANG     Kwara State Pension Board     Timothy Akangbe     Alikinla     Eleja Taiwo Banu     Code Of Conduct Tribunal     Mohammed Lawal Bagega     Idowu Laro     Ahmad Belgore     Allocation     Col. Taiwo     Oluwole Dupe     Kwara TV     Buhari     Suleiman Idris     Haashim Initiative For Community Advancement     Chief Imam Of Ilorin     Mohammed Halidu     Aminat Ahmed     KWTV     Awodun     CELF     Bolakale Saka     Ajikobi     QuickWin     Ilorin East     Kwara State Governor     Oyeyemi Olasumbo Florence     Rueben Parejo     Facebook     Lawal Jimoh     Federal College Of Education (Special), Afon     Abdulrazaq Magaji     JAMB     Saadu Alanamu     David Adesina     Tope Daramola     Binta Abubakar-Mora     Abdul-Rasheed Na\'Allah     Tsaragi-Share     Abdullahi Saadudeen Alikinla     Isiaka Saka Opobiyi     Mutawali     Maimunat Oniyangi     IESA     Oladimeji Thompson     Waziri Yakubu Gobir     Magaji Erubu     Kwara Volleyball Association     Abdulrahman Onikijipa     Oba David Oyerinola Adedunmoye     Hauwa Nuru     Awili Pedro     Mutawali Of Ilorin     Ilesha-Gwanara     Makama Of Ilorin     Emir Of Kano     Olubukola Kifayat Adedeji     Afolabi-Oshatimehin     Mahmud Babatunde Baker     Yusuf Arowosaye     University Road     Isaac Aderemi Kolawole     Edret Sabi Abel     ENetSuD     PharmAccess Foundation    

Cloud Tag: What's trending

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

Abdulrauf Yusuf     Bolaji Gambari     Clara Nwachukwu     Suleiman Idris     ASUU     Haleeman Salman     Aliyu Alhassan     SSA Youth Engagement     Akeem Olatunji     Yekini Adio     Abdulkadir Remi Hawawu     Olatomiwa Williams     Olabode George Towoju     Yakubu Dogara     Admiralty Villa     Salihu S. Yaru     Ahmed Mohammed Rifun     Mohammed Alabi Lawal     School Of Nursing     Ilesha-Baruba-Gwanara     Abdulkareem Alabi     Funmi Salau     Afolayan     Oluronke Adeyemi     Oba-Solagberu     Adesina Simon Sodiya     Abdulrosheed Okiki     Ibrahim Agboola Gambari     Minister     Mustapha AbdulGaniyu     Toyin Sanusi     Sulyman Age AbdulKareem     Aliyu Adebayo     Kubra Kazum     Azeez Salawu     John Olajide Adedipe     COVID     Omar Gambari     Abubakar Lah     Mohammed Kamaludeen     Gbenga Olawepo     Dagbalodo     Rotimi Oyedepo     Oye Tinuoye     Abdulkadir Bolakale Sakariyah     Charles Ibitoye     Egbewole     Ghali Alaaya     Ajibola Ademola Julius     Fawenu     Rapheal Ashaolu     Jimoh Lambe Abdulkareem     Abdulmajeed Wahab     Ola Falade     Oyun     IHS     Lukman Oyebanji Fagbemi     Ibikunle Ogunleye     General Hospital, Offa     Jalala     Funmilayo Zubair     Innocent Okoye     Kwara North     Oko     Osinbajo     Mahee Abdulkadir     New Model Police Station     AbdulRazaq Jiddah     Erubu Oba Zubair     Summit University     Islamic Development Bank     Sulu Gambari     Iyaloja-General     Turaki     Tafida     Kunle Suleiman     Moshood Mustapha