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.

Chief Imam Of Lafiagi     Sam Onile     International Public Sector Accounting Standards     Galland Marcias     Barakat Community Secondary School     Muhammad Fawaz Abubakar     Oye Tinuoye     March 28     Radio SBS     IHS Towers     Makama Of Ilorin     BIR     Yusuf A. Usman     Oloruntoyosi Thomas     Aishat Sulu-Gambari     Ibrahim Agboola Gambari     Ganiyu Taofiq     Durosinlohun Kawu     Saad Omo\'ya     Simeon Sayomi     Iyabo Adewuyi     Mutawali Of Ilorin     Shuaib Jawondo     CACOVID Palliatives     Kwara 2019     Mohammed Halidu     Abdulkadir Remi Hawawu     Minimum Wage     Abdulrahman Abdulrazaq     Ridhwanullah Al-Ilory     Salihu Ajia     Nigeria Governors\' Forum     Tafida Of Ilorin     Mustapha Olanipekun     KWSIEC     Dan-Kazeem     Lanre Aremu     Yusuf Abdulwahab     Gaa Olobi     Femi Agbaje     Babs Iwarere     Women Radio     Muhammad Ghali Alaaya     Siddiq Adebayo Idowu Salawu     Abiodun Oyedepo     N-Power     Aro Yahaya     Bello Oyebanji     Hassan Saliu     Kwara State Sports Commission     Adedeji Onimago     Ibrahim Abdulkadir Abikan     Abdulrosheed Okiki     Deji Ajani     Osinbajo     Countryside Emerging Leaders Fellowship     Chemiroy Nigeria Limited     Age AbdulKareem     AbdulRazaq Abubakar Jiddah     Isiaka Gold     Split Diamond Interchange     AbdulHakeem Ajibola Akanbi     High Court     Saka Saadu     Kemi Adeosun     Mumeen Lah     Fatai Garuba Labaka     Femtech     Kunbi Titiloye     Minister     IsDB     Usman Rifun     Taiwo Joseph     Www.Kwarareports.com     Bank Of Industry     Abdulrahman Abdulrasak     Chief Imam Of Ilorin    

Cloud Tag: What's trending

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

Erin-ile     Oluwatoyin Lukman     2017 Budget     ASMAU PLAZA     Hamidu Olowo     Eleja     Amos Bajeh     Kwara State Pension Board     Gbemi Saraki     Olosi Of Osi     Col. Adedipe     Eleyele     Sun Qing Rong     Okala Baba     Sarah Jubril     Albert Ogunsola     Sabitiyu Grillo     All Confederation Of Principals Of Secondary Schools     07039448763     Ilorin Amusement Park     Salmon Babatunde Salmon     Niyi Ogundiran     Magaji Are     Saliu Ajia     Garuba Alikinla Shittu     Share     Sabi     Mohammed Alabi Lawal     Wahab Issa     Aliyu Adebayo     AbdulGafar Tosho     Colleges Of Education Academic Staff Union     Olofa Of Offa     Oyedun Juliana Funke     Adewuyi Funmilayo     Abdullah Janet Amudat     Halimat Yusuf     Saheed Alakoso     Baba Isale     CBT     Tanke     Kwara Primary Health Care Development Agency     Akom Construction And Engineering Synergy Ltd     Ajikobi     Shuaibu Yaman     TESCOM     Col. Ibrahim Taiwo     Opolo Global Innovation Limited     Abdulraheem Yusuf     Mumeen Lah     Ayoade Akinnibosun     Bolaji Abdullahi     3MTT     Isaac Gbenle     Sunset Workers     Kwara State Sports Commission     Salihu Ajia     Baaziki Sulaiman     Shehu Salau     Florence Saraki     Kwara Metro Park     Atiku     IYA YUSUF     Valsolar-Kwara Company Limited     Kwara State Football Association     National Party Of Nigeria     Student Learning Support Helpline     Ilorin West/Asa Federal Constituency     Rapheal Ashaolu     Abdul-Rasheed Na\'Allah     Bello Taoheed Abubakar     Umar Bayo Abdulwahab     David Oyerinola Adedunmoye     Kwara State Television     Kale Belgore     Bayer Nigeria Limited     Jimoh Olusola Imam