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.

Ghali Muhammed     Twitter     Sa\'adu Salahu     Okasanmi Ajayi     Marufat Oladosu     AbdulGaniyu Kareem     Okala Baba     Ayo Salami     A.G.F Abdulrasaq     Musa Aibinu     Roseline Oni Aremu     Sabo-Oke     Imam Gambari     KWASEIC     Elelu     Abdulrazaq Akorede     Egbewole     Patience Jonathan     Olaiya Victor Mobolaji     Sam Onile     Eruku     Saheed Popoola     April 11     Kazeem Gbolagade     Ilorin Airport     Yashikira     Busari Toyin Isiaka     Abdulrazaq Aiyelabegan     Rabiu Kwankwaso     Kwara State Geographic Information Service     Offa Metropolitan Club     Societe Generale Bank Of Nigeria     Modupe Oluwole     Chief Imam Of Lafiagi     Afonja     Ilorin South Constituency     AGM Professional Services     Kamaldeen Ajibade     Isau     Third Estate     Makama Of Kaiama     AGILE Programme     Local Government Pension Board     Mohammed Yahaya Barki     Umar Danladi Shero     Facebook     Sarah Jubril     Salman Suleiman     Kwara State Television     Abdulfatai Ahmed     Radio Kwara     Ogbondoroko     Adamu Ibrahim Sabi     Ibrahim Labaika     Baba Idris     Funmilayo Braithwaite     Ibrahim Akaje     College Of Health     Yusuf Olaolu Ali     Abdulmalik Bashir Mopelola Risikatullahi     Oke-Oyi     LABTOP     Alabe     Gbenga Adebayo     Fola Consultant     Shonga     Amusement Park     Women Radio     Budo-Egba     Lawan     Yeketi     Veterinary Teaching Hospital     Turaki     Amusa Bello     Muhammad Yahya     Ojuekun     Bola Iyabo Ibiyeye Adisa    

Cloud Tag: What's trending

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

SAPZ Project     Agbarere     Oba Abu     Joseph Offorjama     Mutawali     United Nigeria Congress Party     GANZY     Earlyon Technologies     AbdulHakeem Ajibola Akanbi     Ilorin International Airport     Dasuki Belgore     Ubandawaki     Busari Toyin Isiaka     James Ayeni     Hijab     Garba Idris Ajia     Ajia-Bako     Moshood Mustapha     Kwara-SAPZ Project     Chief Imam Of Omu-Aran     Michael Nzwekwe     Salihu S. Yaru     Oba Of Jebba     Owu Fall     Saba Jibril     Garment Factory     Toyin Abdullahi     Abdulrahman Abdulrasak     Kaiama     08001000100     Issa Manzuma     Yemi Osinbajo     Akande Idowu Ayoola Muhammed     Kumbi Titilope     Ibrahim Abdulkadir Abikan     KWSUED     Pilgrims Board     Adegoke Bamidele     Federal Road Maintenance Agency     JAAC     Abdulrauf Aliyu     Atiku Abubakar     Kwara Primary Health Care Development Agency     UNIFEMGA     Apaokagi     Henry Olaosebikan     Bankole Omisore     Lanre Issa-Onilu     Segun Ogunsola     Otuka     Aro Yahaya     Yaru     Razaq Atunwa     Hassan Taiye Salam     Allocation     Aiyedun     Oko-Olowo     Adijat Adebiyi     Isau     Isaac Gbenle     Idofin     AbdulRasaq Abdulmajeed Alaro     Maigidasanma     Tayo Alao     Ayo Salami     Kayode Issa     Suleman Abubakar     Ojo Isekuse     Rabiu Kwankwaso     Nupe     KFA     Kola Olota     National Union Of Road Transport Workers     Geri-Alimi Split Diamond Interchange     Na\'Allah     Kale Ayo     Yetunde Balogun