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 Ilorin     Babajide Ajayi     Sola Saraki Educational Foundation     SUBEB     REO CAKES     Buari Edun     Ballah     Rasheed Jimoh     Oba Sulaiman Asude     Egbewole     Bond     Afolabi-Oshatimehin Adenike Harriet     Mohammed Lawal Bagega     Funmilayo Zubair     Economic And Financial Crimes Commission     Saheed Alakoso     Ahmad Olanrewaju Belgore     Kwara State Sports Commission     Isau     Bamidele Aluko     Islamic Development Bank     Ahman Pategi     Awodun     Dairo Kunle Paul     Ramadan     Sardauna     Fatai Garuba Labaka     Oke-Ode     Imodoye Writer’s Enclave     Centre For Digital Economy     Kwabes     UNIFEMGA     Tope Daramola     Saidu Isa     Muhammadu Gobir     Doyin Group     Garba Ayodele Wahab     Jimoh Akani     Abdullahi G. Mohammad     ER-KANG Mining Nigeria Company Limited     Www.Kwarareports.com     Mike Omotosho     Tunde Yusuf     Gbugbu     Oyin-Zubair     Ilorin Likeminds Foundation     Risikat Lawal     Sai Kayi     Odo-Owa     TVC Female National Debate     Coronavirus     Unilorin FM     Kale Belgore     NAWOJ     JSSCE     Funmilayo Isiaka Oniwa     Henry Makinwa     Voices Of Tomorrow     Arik     Harmony Holdings     Oniyangi     Abdulwahab Oba     Lateef Fagbemi     CCB     TIC     Mutawali Of Ilorin     Bello Oyebanji     Amoyo     Smart School     Sheikh Ridhwanullah     Arca Santa     Olatunde Jare     Oba Abdulraheem     Zaratu Umar     Aminat Omodara     Aliyu U. Tilde     Lanre Issa Onilu    

Cloud Tag: What's trending

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

Kwarareports     Lanwa     Temitope Ogunbanke     Saraki     Harafat E. Mukadam     Gaa Olobi     07039448763     Haliru Yahaya     Abraham Ojo     Seun Bolaji     Otuka     Afolabi-Oshatimehin     Ahmed Alhasssan     Rihanat Ajia     Ishak Mohammed Sabi     Rashidi Yekini     Bamidele Aluko     BECE     Doyin Agbamu     Imodoye Writer’s Enclave     HICA     Kwara Metro Park     Idris Garuba     Ndakene     Agbarigidoma     Photo News     2023 Elections     Saheed Akinwumi     Salman Alada     Fatai Adeniyi Garba     Rotimi Atere     Hassanat Bello     Abdulquowiyu Olododo     Obasanjo     Kwara Basketball Association     Memunat Monsuma     Eghe Igbinehi     Elerin Of Adanla     Yoonus Lawal     Onikijipa     Abdulmalik Bashir Mopelola Risikatullahi     Abdullah Janet Amudat     Abdulrasaq Alaro     Muhammad Ghali Alaaya     Salihu Ajia     AGILE Programme     Olayinka Olaogun     National Pilot     Col. Adedipe     Henry Olaosebikan     Ajidagba     George Funsho Adebayo     Rueben Parejo     Olusola Saraki     Nurudeen Mohammed     Kwara University Of Education     Abdulrazaq Solihudeen     Pilgrims Board     Abubakar Olusola Saraki     CKNG     AbdulRahman Saad     Abdulfatah Ahmed     Sherif Sagaya     Abdullahi Adisa Akodudu     Magaji Nda     Sabi     Wale Oladepo     JUSUN     Isapa     Idi-Ape     Gbenga Olawepo     Aliyu U. Tilde     Countryside Emerging Leaders Fellowship     Lasiele Alabi Yahaya     Femi Agbaje     Ajuloopin     3MTT