in , ,

Bread to cost more, Bakers Association threatens to down tools

Prices of one of the staple food commonly eaten by the masses will skyrocket very soon as a result of many factors which includes, hike in electricity tariffs, increase in petrol pump price, devaluation of naira and lack of access to foreign exchange from the Central Bank of Nigeria (CBN).

READ ALSO:  Iran executes young wrestler despite global outcry

In Osogbo, Osun State capital, SOJ WORLDWIDE ONLINE NEWS reporter went round the city, the report was that bakers refused to produce bread due to high costs of materials on Friday and Saturday.

In Ile-Ife, the bakers have already increased the price of bread by reducing the quantity.

In Ibadan, retail sellers told SOJ WORLDWIDE ONLINE NEWS that bakers will increase the prices of every category of loafs starting from tomorrow, Monday, September 13, 2020.

READ ALSO:  Thugs attack Counsillorship aspirant in Oriade LGA, Osun

Reports gathered from the retailers said baking will continue fully on Monday but with hike in the prices of every staple food made from flowers.

In view of several complaints on the increase in costs of production, The Association of Master Bakers in the Southwest threatened to suspend production of bread in the entire Southwest states comprising, Oyo, Ogun, Ondo, Ekiti, Osun and Lagos.

According to the Southwest Chairman of the association, Alhaji Abolusodun Salawu and the Lagos chairman, Ambassador Raji Omotunde,

READ ALSO:  VIDEO: Killer Pastor threatens to kill wife before he shot her dead recently

“the last time we increased the price of bread was in the year 2016, but today prices of baking materials has gone up astronomically.”

They revealed that, “since March

“We cannot continue to run our business at a loss. Each time we talked about the cost of flour, sugar, butter, e.t.c.  The producers of this products always complain that they do not get foreign exchange directly from the Federal Government hence they are forced to buy dollars in the black market.”

“We, therefore appeal to the government to come to our aid before we finally down tools,” they said.

READ ALSO:  INSIDE LIFE: Popular Pastor shots wife dead after days of signals

Editor’s Note:  Advertise your products and services on our page to get maximum patronage.
Contact us on 08023851511, 09053330641 or waju73@yahoo.com for your advert placement, Press Release, Conference, Interview, Media and Publicity at minimal charges.

Nigerian army is our army, support them to win the war on terror.

SOJ WORLDWIDE…an ONLINE NEWS with a difference

www.sojworldnews.com (c) September 13, 2020

Written by Adesoji OMOSEBI

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COVID-19: FCT, Plateau ties followed by Lagos in 160 confirmed cases

LASTMA woman exchange blows with motorist in Lagos