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Nigerian bakers announce new price hikes for bread

The Association of Master Bakers and Caterers of Nigeria has concluded plans to increase price in sales of bread across Nigeria to cover the high cost of ingredients, adding that this follow government failure to respond to their demands

Penpushing reports that, the Chairman of the Kogi State Chapter Gabriel Bamidele-Adeniyi dropped the hint, that though they have at least sent a message hoping for a positive result from the Nigerian government

“Although the federal government is yet to respond to our pleas and demands, we are satisfied that we have at least sent a message hoping for a positive result. Unfortunately, as we resume production, July 25, prices of bread will definitely increase by 20 percent’ he declared

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‘A bread of N200 will cost between N240 and N250, that of N500 will cost N600, that of N600; N750, that of N700 will cost N880 and that of N800; between N980 and N1, 000 respectively. We want the public to know that the new increment in prices of stable bread is not our making but that of the increase in the prices of commodities we use in bread production’

“We want the government to see to it that prices of yeast, sugar and flour being imported are drastically reduced so that only three companies have the licence to import them. Unfortunately those three firms are monopolizing the prices of sugar, yeast and flour to the detriment of bakers in Nigeria,” he lamented.

Penpushing further reports that, he appealed to the Nigerian government to ensure that the sugar company in Bashuta commenced production and equally open the opportunity for members to obtain the licence to import and obtain loans for better bread production.

Meanwhile, the association, it is recalled that the national body had on Wednesday demanded government intervention regarding prices of materials used in bread production, having declared a nationwide strike

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