Skip to main content

Bread price goes up in Lagos

Sliced bread

Sliced bread

Oluwole Adeboye

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

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

According to him, the prices of baking ingredients like flour, sugar, diesel, salt yeast, kerosene and nylon have tripled without any corresponding measures to reduce the hardship on bakers.

”After serious consideration of the high prices of flour, sugar, diesel, salt, yeast, kerosene, nylon and series of local government levies, we are compelled to increase the price of bread as done to other consumer goods.

”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 price of bread by about 20 percent. The present economic situation 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 the 20 local government areas today (Tuesday) to discuss the development.

“We appeal to our customers and consumers of bread to bear with us at this time. It is our promise to continue to produce good quality bread at an affordable price. We also appeal to the Federal Government to give some concessions to the flour millers in foreign exchange allocation and wave off some taxes and levies in order to stop this incessant increase in flour price so as to keep bakers in business and reduce unemployment.

”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,” Adejorin stated.

Labels:

Comments

Post a Comment

Popular posts from this blog

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...
Post a Comment
Read more

Man docked for defiling 9-year-old girl

magistrate-court A 33-year-old man, Godwin Otobo, was on Monday docked at a Surulere Chief Magistrates’ Court in Lagos.For allegedly defiling a nine-year-old girl, ‎Otobo, who lives at No. 10, Borrow Pit St., Sangotedo-Ajah area of Lagos, was said to have defiled the underage girl whose parents also reside in the same compound. The Prosecutor, Sgt. Anthonia Osayande, told the court that the accused committed the offence at about 9.00 p.m. sometimes in September. “The accused defiled the girl in the night when she was fetching water.‎ “The offence contravened Section 137 of the Criminal Law of Lagos State, 2011,’’ Osayande told the court. The accused pleaded not guilty to the one-count charge of defilement. Ruling on a bail application filed by the accused, Chief Magistrate Ipaye Nwachukwu, granted him bail in the sum of N500,000 with two sureties in like sum. She said one of the sureties must be a property owner in Lagos State, while the other must be a civil servant on grade...
Post a Comment
Read more