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.

Lukman Oyebanji Fagbemi     Muhammadu Gobir     IFK     Shehu Adaramaja     Razak Atunwa     Galadima     Maigidasanma     Iyabo Adisa Ibiyeye     Olatunde Jare     Okin Malt     Mazars Consulting     Ilorin     Lateef Ademola Olatunji     Abdulquowiyu Olododo     Saliu Shola Taofeek     Yahaya Muhammad     Mohammed Lawal Bagega     Tanke     Azeez Salawu     Centre For Community Empowerment And Poverty Eradication     Fulani     Sheikh Hamzat Yusuf Ariyibi     Aisha Abodunrin Ibrahim     General Hospital, Offa     Alliance For Democracy     Arinola Lawal     Ilorin Water Reticulation     Bello Bature     Lawal Jimoh     Egbewole     Folaranmi Aro     Abiodun Abdulkareem     Hassan Oyeleke     Quranic Recitation Competition     Ilesha-Baruba     Ishaq Abdulkarim     Olubukola Kifayat Adedeji     Ishak Mohammed Sabi     Kwara State Pension Board     Ganmo Electricity Sub-Station     Sebastine Obasi     Olayinka Are     Moshood Bakare     Ilorin Central Mosque     M.Y. Abdulrahaman     Ilorin East     Kwara Apc     Government Girls’ Day Secondary School Pakata     Ope Saraki     Elese Of Igbaja     Shuaib Olarongbe     Oju Ekun Sarumi     Christian Association Of Nigeria     Kunbi Titiloye     General Hospital, Ilorin     Abubakar Abdullahi Bata     Bilikisu Oniyangi     Kwara State Infrastructure Development Fund     Issa Memunat Moyosore     Muhammad-Mustapha Suleiman     Harafat E. Mukadam     Simeon Sule Ajibola     Nurudeen Mohammed     Bello Oyedepo     Gobir     Abdulganiy Abimbola Abdussalam     SARS     Ajase-Ipo     Laboratory-to-Product     Amule     Henry Olaosebikan     Muhammed Mahe Abdulkadir     Special Adviser On Digital Innovation     TIC     AbdulRazaq Abubakar Jiddah     Bukola Saraki     Aisha Buhari    

Cloud Tag: What's trending

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

Plat Technologies     Pategi     Buhari     Abubakar Aliagan     NIPR     Musa Ayinla Yeketi     Olaiya Victor Mobolaji     Majlis For Sadaqah, Zakat And Waqf     Senior Staff Union Of Colleges Of Education     Sarafadeen Kayode Akorede     Shehu Jimoh     Bashir Badawi     Bamidele Adegoke Oladimeji     Abdulhakeem Adelaja Amao     Quareeb Islamic Association     Noah Yusuf     Lanre Jimoh     Chief Imam Of Ilorin     Abatemi Usman     Onilorin     Ahmad Olayiwola Kamaldeen     Okasanmi Ajayi     AGM Professional Services     Balogun-Ojomu     Sobi     Omoniyi     Biliaminu Aliu     Sai Kayi     Kwara TV     Razaq Ayobami Akanbi     National Information Technology Development Agency     Abdulwahab Olarewaju Issa     Rex Olawoye     Sadiq Buhari     Shehu Salau     Eghe Igbinehin     Federal Neuro-Psychiatric Hospital     Bashirat Bola Bello     Tunde Kazeem     Joseph Daudu     C2c@kwarastate.gov.ng     Mohammed Abduraheem     Yahaya A Paniyaro     Ayoade Akinnibosun     Jimoh Lambe Abdulkareem     Pakata Development Association     Ahmad Belgore     Illyasu Abdullahi     Moses Rahman Popoola     Habeeb Saidu     Charcoal     Okin High School     Shuaib Jawondo     Olokoba     Prince Bola Ajibola     Amuda Bembe     Afonja Descendants Union     Mohammed Jimoh Faworaja     Abdulquowiyu Olododo     Abubakar B.M     Democracy Day     Bayo Mohammed Onimode     Valsolar-Kwara Company Limited     Okala Baba     Ajase-Ipo     Kwara United     Michael Nzekwe     Eruku     Titus Suberu-Ajibola     Isiaka Yusuf     Agbarigidoma     Ilorin Water Reticulation     Pacify Labs     HYPPADEC     Ghali Muhammed     Baboko     Iyabo Dupe Adekeye