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.

Yusuf Mubarak     Borgu     Haruna Olawale Sulaiman     Ali Ahmad     Balikis Jawondo     Salihu Ajia     Mary Kemi Adeosun     Amina El-Imam     Matthew Okedare     REO CAKES     Haruna Tambiri Mohammed     Naira Redesign     Funmi Salau     Kwara Restoration Project     Oya State     Lotus Bank     Shehu Adaramaja     Abdullahi AbdulMajeed     Yahaya Abdulkareem Babaita     QuickWin     Saadu Yusuf     Kawu     Adisa Logun     Fulani     Onikijipa     Savannah Centre For Diplomacy, Democracy And Development     TESCOM 2025     Ibrahim Jawondo     Akanbi-Oke     Raji Ayodele Kamaldeen     Balogin Alanamu     Ishaq Abdulkarim     Women Radio     Ishola Balogun Fulani     Abdulrazaq Aiyelabegan     Victor Gbenga Yusuf     AIT Ilorin     Yoonus Lawal     Sheikh Ridhwanullah     Mumeen Lah     Abdulwahab Olarewaju Issa     John Mayokun Dada     Ilota     Muftau Akanbi Oke     Mohammed Danjuma     Dan-Kazeem     Ayegbeni     Olabode George Towoju     Yusuf Amuda Gobir     Alabere     Nupe     Ophthalmological Society Of Nigeria     Gbajabiamila     AbdulRazaq Abubakar Jiddah     Chikanda     Kolawole Bashirat     Alloy Chukwuemeka     Kwara Poly     Voices Of Tomorrow     Ibrahim Oniye     Toyin Sanusi     Offa Descendants Union     Oba Of Jebba     Abiodun Oyedepo     Olohungbebe     Popo-Igbonna     Toyin Saraki     Doyin Agbamu     Muslim Cementary     Hassanat Bello     Charles Ibitoye     Federal Allocation     Olatunde Jare     Ibrahim Gambari     Ndakene     Alimi Abdulrazaq     Samuel Elizabeth Keatswa    

Cloud Tag: What's trending

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

Kwasu     Idofin     Segun Ogunsola     Laolu Saraki     Ijakadi     Dar-Al-Handasah Consultants Ltd     08001000100     Afolabi-Oshatimehin     Christian Association Of Nigeria     Quarry Royal Valley     Kunbi Titiloye     Issa Memunat Moyosore     Suleiman Yahya Alapansapa     Kwara Central     Micheal Imoudu     Kayode Laro     Ilorin Anchor Men And Women     Bola Magaji     Yahaya Oloriegbe     Ibrahim Abdulkadir Abikan     Abdulkadir Bolakale Sakariyah     Balogin Alanamu     Adesoye College     Kwarareports     Taofik Abdulkareem     Shururat Olatinwo     Majlis For Sadakah, Zakat And Waqf     Presidential Election     Nigeria Governors\' Forum     Playing Host     Kwara State Sports Commission     Halimah Perogi     Yakub Lai Gobir     Susan Modupe Oluwole     Atunwa     Admiralty Villa     Onilorin Of Ilorin     Babata     Ahmed Idris Mohammed     Yusuf Abubakar     Ahmed Dankaya     ER-KANG     Al-Adaby     Jumoke Monsura Gafar     Galadiman Ngeri     Tunji Folami     Col. Adedipe     Ramadhan     Fatai Garuba Labaka     Countryside Emerging Leaders Fellowship     Yahaya Seriki     Chief Imam Of Omu-Aran     Sa\'adu Gambari     Lanre Badmus     Aisha Gobir     Maigidasanma     Hassan Abdulazeez Elewu     Elerinjare-Ibobo     Olatomiwa Williams     Zulu Gambari     State Bureau Of Internal Revenue     James Kolo     Opolo Global Innovation Limited     Ibrahim Orire     Societe Generale Bank Of Nigeria     Moji Makanjuola     11th Galadima     Nigerian Correctional Service     AIT Ilorin     Saliu Oluwole     Saka Aleshinloye     Olawuyi     Salaudeen Oyewale     Sam Onile     Dapo Teni Nig Enterprise     Joseph Offorjama     Babs Iwarere