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.

CKNG     Abdulrazaq Solihudeen     Agbarigidoma     Bolaji Nagode     Gamji Members Association     Afolasade Opeyemi Kemi     Yusuf Lawal     Haashim Initiative For Community Advancement     Alao Ayotunde     Ahmed     Wale Oladepo     Lola Ashiru     Sanusi Abubakar     Adeola Abraham     Modupe Oluwole     Al-Adaby     Kehinde Baale     Tanke Flyover Bridge     Garba Ado Sanni     Abdulsalam Firdaous Amosa     RTEAN     Olatinwo     Sango-UITH Road     Lithium     Ganmo Power Sub-Station     Isapa     Kwara State Sports Commission     Ishaq Abdulkarim     Rex Olawoye     Rebecca Olanrewaju     Millennium Development Goals     Naira Redesign     Aisha Gobir     KWASSIP     Jimoh Saadudeen Muhammed     Grillo     Abikan     Lanre Badmus     Saidu Yaro Musa     Olatunji Ibrahim     Quran     Aliyu Alhassan     Olayinka Oladapo Jogunola     Ilorin Emirate Staff Association     Tafidan Kaiama     Saka Keji     Bello Abubakar     Ike Ekweremadu     Kaiama     Kunle Suleiman     Alloy Chukwuemeka     Doyin Group     Gafaru Olayiwola Olorisade     Tunde Yusuf     International Public Sector Accounting Standards     Vasolar Consortium     Wahab Olasupo Egbewole     Usman Yunusa     Pakata Development Association     Kolawole Akande     Elerin Of Adanla Irese     Ado Ibrahim     Asa     Fatai Adeniyi Garba     Sobi Hill     Chief Imam Of Lafiagi     Iliasu     Orisa Bridge     Gbenga Awoyale     Kwara Poly     Esinrogunjo     Ebola     IYA YUSUF     Aro Yahaya     Goodluck Jonathan     Ibrahim Oniye     Inside Kwara    

Cloud Tag: What's trending

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

Saliu Shola Taofeek     Gbugbu     Siddiq Adebayo Idowu Salawu     Timothy Akangbe     MMWG     Igbomina     PharmAccess Foundation     Abdulahi Abubakar Bata     LABTOP     Computer Based Test     Abdulwahab Olarewaju Issa     AbdulRazaq Jiddah     Ahman Pategi     Shuaib Boni Aliyu     Neo Mundo Ltd     Abdulfatai Ahmed     Lasiele Alabi Yahaya     UTME     John Olobayo     Ilorin General Hospital     Kazeem Gbolagade     Goodluck Jonathan     Yakubu Danladi     Farouk Salim     Ayegbeni     Ganmo Electricity Sub-Station     Ganiyu Taofiq     Ogidi-Oloje     Nigerian Supreme Council For Islamic Affairs     Tunji Olawuyi     Dar-Al-Handasah Consultants Ltd     Senate     Sanusi Abubakar     Asa LGEA School     Ahmed \'Lateef     Lukman Oyebanji Fagbemi     Ajike People Support Centre     Rasaq Jimoh     Dan Iya Of Ilorin     Rafiu Ajakaye     Jani Ibrahim     Madawaki     Police Commissioner     Oba Abu     Segun Olawoyin     Emir Of Kano     Ganmo Power Sub-Station     Elerinjare     Olanrewju Okanlawon Musa     Olota Of Odo-Owa     Iyabo Adewuyi     Irepodun     Shoprite     Waziri Yakubu Gobir     Egbejila     Oba Abdulrahim     Abdulrahman Abdulrasaq     Arinola Lawal     Isiaka Saka Opobiyi     Kale Ayo     Azeez Bello     Hajj     Mohammed Ghali Alaaya     Abdullahi Adisa Akodudu     Ojo Fadumila     Bashir Badawi     Coronavirus     Kamaldeen Gambari     Kwara State Sports Commission     Halimat Yusuf     International Aviation College     Samari     Amina Susa\'a De Ahmed     Yahaya Abdulkareem     Saba Mamman Daniel     Yusuf Ibitokun Sherifat     Olokoba