Bread price to go up

Bread price to go up

Monday, August 15, 2016 10:38 pm


Bread

Bread

By Oluwole Adeboye

The Lagos State Association Of Master Bakers and Caterers Of Nigeria, will on Wednesday increase the price of bread by 20 per cent.

Speaking at a press briefing in Lagos the chairman , Prince Jacob Adejorin, lamented over the cost of producing bread and called on the Federal Government to look into the increased price hike of baking ingredients.

According to him, the price of baking ingredients has tripled without any corresponding relief to
reduce the hardship on bakers. He explained further: “After serious consideration of the high prices of flour, sugar, diesel, salt, yeast, kerosine, nylon and series of Local Government levies, we are being compelled to increase the bread prices as done to other consumer goods.

Prince Jacob Adejonrin Chairman Lagos Master Bakers And Caterers Of Nigeria addressing members.

Prince Jacob Adejonrin Chairman Lagos Master Bakers And Caterers Of Nigeria addressing members.

“A few months ago, a bag of flour was sold for N6,000 while sugar was sold for N7,000 but just this morning, a bag of Flour is N11,000 and Sugar is being sold for N15,000. The bakers can no longer cope with this situation hence the decision to increase the prices by about 20 percent. The present economic situaton in the country has affected the baking industry as the second largest employer of labour in the country and bread being the most stable and easiest food to lay hands on anytime anywhere. An emergency meeting will hold in all 20 Local Government tomorrow Tuesday.

“We appeal to our constomers and consumers of bread to bear with us at this time, it is our promise to continue to produce good quality bread at affordable prices.We also appeal to Federal Government to give some concessions to the flour millers in foreign exchange allocation and waving off some taxes and levies in order to stop this incessant increase in flour prices so as to keep bakers in business to avoid umeployment. We urge the flour millers to always have bakers in mind whenever any price increase is being considered as we are the end users of their products. All members and bread vendors must adhere strictly to the new price”
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