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.

Kisira     Dapo Teni Nig Enterprise     Shola Odetundun     Kwara Hotel     Nigeria Computer Society     Ishola Moses Abiodun     Tanke Road     Oyedun Juliana Funke     Afolasade Opeyemi Kemi     Olofa Of Offa     Wahab Abayawo     TESCOM     Ilorin Emirate Stakeholders Forum     Olatunji Ayeni     Taibat Ayinke Ahmed     Kwara Consultative Forum     Tinubu     Ibrahim Gambari     Kunle Okeowo     Sobi     Kwara Pdp     Alanamu     Musibau Akanji     CCEPE     Medview Airlines     Tunji Ajanaku     Abraysports FC     Nigeria Governors\' Forum     CACOVID     Peter Obi     Ganmo Electricity Sub-Station     Sambo Murtala     Hikmah AbdulKareem     Muslim Cementary     Binta Abubakar Mora     Babatunde Ishola Babaita     Femi Ogunsola     Mahmud Babatunde Baker     Shade Omoniyi     ITEM 7     Lasiele Alabi Yahaya     C2c@kwarastate.gov.ng     Joshua Adeyemi Adimula     Moji Makanjuola     Mohammed Saidu     Wahab Issa     Akeem Lawal     Onilu     Elerin Of Erin-Ile     Logun     Kolawole Bashirat     Temi Kolawole     Sheikh Ridhwanullah     Balogun Ajikobi     Face Masks     Olaiya Victor Mobolaji     Olukotun Of Ikotun     Ilorin East     Plat Technologies     Sardauna Of Ilorin     Yusuf Abdulkadir     Yusuf Abdulraheem     Gbenga Olawepo     Salihu Yahaya     Umar Yakubu Jaja     Omu-aran     Women Radio     IFK     Vishvas KOZ Tractors     Henry Makinwa     United Nigeria Airline     Oba Mogaji Abdulkadir     Oloyede     Abdullahi Saadudeen Alikinla     Omupo     07039448763     Vasolar-Kwara Company Ltd    

Cloud Tag: What's trending

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

Razaq Atunwa     Soffiyyallah Kamaldeen     IsDB     Femtech     Salary     Tricycle Owners Association Of Nigeria     Durosinlohun Kawu     Folorunsho Erubu     Monthly Sanitation     Mashood Dauda     Millennium Development Goals     Abdulahi Abubakar Bata     Hameed Oladipupo Ali     Young Progressives Party     Kwarareports     Nigeria Association Of Women Journalists     Quarry Royal Valley     Orire     Ishak Mohammed Sabi     Wasiu Onidugbe     Naira Redesign     Babata     Tunde Mukaila Mustapha     Abubakar B.M     Halidu Danbaba     Tafidan Kaiama     Abatemi-Usman     Abubakar Atiku     Binta Abubakar-Mora     Ola Falade     Shettima Of Ilorin     Gbugbu     Ishaq Oloyede     Yeketi     Damilola Yusuf     Galadima     Atiku     Joseph Alex Offorjama     Adesoye     Abdullahi Dasilva Yussuf     Aminat Omodara     Rachael Obisesan     QuickWin     Standard Organization Of Nigeria     Tunde Kazeem     Mumeen Lah     Sidikat Akaje     Oke-Ero     Ilorin Descendants Progressive Union     Sulyman Buhari     Abdullahi AbdulMajeed     Ijagbo     Colleges Of Education Academic Staff Union     Adesoye College     Najim Yaasin     Ike Ekweremadu     Rueben Parejo     Oniwa     BECE     08001000100     Hamid Bobboyi     New Model Police Station     GRA     Susan Modupe Oluwole     Suleman Abubakar     Hakeem Lawal     Alanamu     Ayinde Oyepitan     Aliyu Salihu     Hydroelectric Power Producing Areas Development Commission     Ben Duntoye     Fatimat Saliu     Ekiti     Sebastine Obasi     Federal College Of Education (Special), Afon     Ramat Oganija     HAMFAT Clinic And Maternity