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.

Sarakite     Dan-Kazeem     Lai Mohammed     Timothy Akangbe     Bio Ibrahim     Olupako Of Share     IEDPU     Rotimi Oyedepo     JAMB     Read With Me     Ishola Abdullahi     Oja-Oba     Babaloja-General     Elerin Of Adanla Irese     Apaola     Kwara 2023     Olaitan Adefila     Atiku     Junior Secondary School Certificate Examinations     Jimoh Bashir     Egbejila     Halidu Danbaba     Mohammed Tunde-Jimoh     Dogara     Adebayo Mohammed Kamaldeen     Kupchi Hosea Maxwell     Plat Technologies     Ilorin Talaka Parapo (ITP)     Bahago     Sunset Workers     Adam Abdullahi Al-Ilory     Solomon Edojah     Taofik Abiodun Ahmed     Abdullateef Abdussalam     Durosinlohun Atiku     Shade Omoniyi     Kassim Babamale     KWASIEC     All Confederation Of Principals Of Secondary Schools     David Oyedepo     Sheikh Ridhwanullah El-ilory     Yeketi     Ahmed Idris Mohammed     Salihu S. Yaru     Muhammad Ghali Alaaya     Galadima     Ilorin Innovation Hub     IPSAS     Bamidele Adegoke     IHS     Amos Bajeh     TESCOM     Umar Ahmed Gunu     Femi Oladiji     Femi Gbajabiamila     Ahman Pategi University     Salary     AbdulHakeem Ajibola Akanbi     Rueben Parejo     Muhammed Akanbi     Otoge     Park     Barakat Community Secondary School     Okedare     Sherif Sagaya     Demola Banu     CKNG     Sidikat Alaya     Abubakar Abdulraheem     Is\'haq Modibbo Kawu     Mohammed Halidu     Shaykh Luqman Jimoh     Ayodele Olaosebikan     Ita-Nmo Market     Abdul-Rasheed Na\'Allah     Abdulhakeem Amao     Joseph Offorjama    

Cloud Tag: What's trending

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

Bursary     Joseph Bamigboye     Ajikobi     Ibrahim Abdullahi     NULGE     Salman Alada     Yoonus Lawal     Ministry Of Women Affairs And Social Development     NURTW     Ilorin West/Asa Federal Constituency     Mahee Abdulkadir     Unilorin     T And K FOODS     11th Galadima     Nnazua     Moro     Abdulmumin Yinka Ajia     Oloje     Saliu Alamoyo     Tunde Oyawoye     GAMA     Najim Yaasin     Salary     Abdulrahman Abdulrasaq     Henry Olaosebikan     Anilelerin     Sheriff Shagaya     Mogaji Aare     Elese Of Igbaja     Yusuf AbdulRasheed     Musa Ayinla Yeketi     Pakata     Timothy Akangbe     Neuropsychiatric Hospital     Gbadeyan Gbadura Yomi     Unilorin FM     Sobi Specialist Hospital     Wakilin Mata Lafiagi     Yusuf Abdulraheem     Lithium     Isaac Aderemi Kolawole     Roseline Oni Aremu     Federal College Of Education (Special), Afon     Mahmud Durosinlohun Atiku     Ahmad Olanrewaju Belgore     Ado Bayero     Waziri Yakubu Gobir     Abubakar B.M     Saad Omo Iya     Kola Shittu     Yahaya Muhammad     Lucky Omoluwa     Code Of Conduct Tribunal     Maryam Ado Bayero     Babaloja-General     Kwara Hotel     Ibrahim Labaika     Abdullahi Biffo     Hikmah AbdulKareem     Suwa-Arabs     Naira Redesign     Nigerian Supreme Council For Islamic Affairs     Oya State     Mahmud Ajeigbe     Peter Amogbonjaye     Bello John Olanrewaju     Aliyu Salihu     Okin Biscuits     Lanre Issa Onilu     Yakubu Danladi     Isiaka Danmeromu     Owo Isowo     General Hospital, Ilorin     M.Y. Abdulrahaman     Ahman Pategi University     Mary Arinde     Ibraheem Adeola Katibi