Fuel Hike: Southwest Bakers Threaten to Increase Bread Price, Downtool

Fuel Hike: Southwest Bakers Threaten to Increase Bread Price, Downtool

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The Southwest based Association of Master Bakers has threatened to suspend production of bread across the length and breadth of the region due to high cost of materials used.

Alhaji Abolusodun Salawu

 

 

 

According to the Southwest chairman of the association, Alhaji Abolusodun Salawu and the Lagos chairman, Ambassador Ranti Omotunde, “the last time we increased the price of bread was 2016, but today prices of baking materials have gone up astronomically.”

 

 

He revealed that, “since March this year, the price of flour keeps increasing on monthly basis and government is planning for another increase on the 1st of October.

 

 

 

We cannot continue to run our business at lost. 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 buying dollars in the black market.

 

 

 

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