Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of its members across the country to shut down their business operations.

Speaking in an exclusive interview with The PUNCH, PBAN President, Emmanuel Onuorah, described the present situation as worrisome and imminently crippling for operators in the bread-making businesses segment.

He expressed concerns over what he called the lacklustre attitude of the government towards addressing the harsh operating environment faced by businesses.

He said, “Companies are shutting down their businesses as a result of the increase in the price of diesel. Some of my members shut down (their business premises) again this week. So many other companies are closing down.

“As we speak, operators in the sachet water business segment are on strike. They’ll likely increase the price of sachet water to N25 or N30. We don’t even know where this thing is tending towards. Bigger companies are closing because of operating costs. Businesses are going under.”

According to Onuorah, wheat suppliers have suggested a possible scarcity of the product within the next two weeks, indicating that the price of bread may go up significantly.

“Hospitals now have to ration diesel. Energy is the key. We understand that in two weeks time, there will be a scarcity of wheat and the millers will raise their prices to N30,000 or N40,000,” he added.

On the recent scarcity of the dollar at the parallel market, Onuorah decried the rate at which the naira has continued to depreciate.

tungamaje:
Over the past three weeks, prices of bread have gone up, do you people want to increase prices again? How do we feed our children when one can no longer afford two loaves for breakfast and you still want to increase? Abeg make una pity us o

tungamaje:
Over the past three weeks, prices of bread have gone up, do you people want to increase prices again? How do we feed our children when one can no longer afford two loaves for breakfast and you still want to increase? Abeg make una pity us o

Cantonese:


That’s not the fault of the bakers.

Several events, locally and internationally have caused it.

Maxymilliano:
Nigeria is in trouble, we can only pray that
God should wipe out this evil government.

And APC new chairman said we should vote for them to do more, I am asking more what?

Omooba77:

They will tell us Russia-Ukraine caused it as if it not Buhari, the failure of (1983-1985) in charge!........

Omooba77:
Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of its members across the country to shut down their business operations.

Speaking in an exclusive interview with The PUNCH, PBAN President, Emmanuel Onuorah, described the present situation as worrisome and imminently crippling for operators in the bread-making businesses segment.

He expressed concerns over what he called the lacklustre attitude of the government towards addressing the harsh operating environment faced by businesses.

He said, “Companies are shutting down their businesses as a result of the increase in the price of diesel. Some of my members shut down (their business premises) again this week. So many other companies are closing down.

“As we speak, operators in the sachet water business segment are on strike. They’ll likely increase the price of sachet water to N25 or N30. We don’t even know where this thing is tending towards. Bigger companies are closing because of operating costs. Businesses are going under.”

According to Onuorah, wheat suppliers have suggested a possible scarcity of the product within the next two weeks, indicating that the price of bread may go up significantly.

“Hospitals now have to ration diesel. Energy is the key. We understand that in two weeks time, there will be a scarcity of wheat and the millers will raise their prices to N30,000 or N40,000,” he added.

On the recent scarcity of the dollar at the parallel market, Onuorah decried the rate at which the naira has continued to depreciate.


https://punchng.com/bread-prices-may-go-up-bakers-blame-forex-energy-crises/

BigBabyJesus:
Russia said they will follow tit for tat any country that supported and voted for sanctions on Russia.

Russia won't be exporting wheat to Nigeria again since your Khalifar Buhari sided with the Khazar Mafiya to support sanctions on Russia .

That cheap bread of 15,0 you will be paying #2,000 for it all because you have a Globo Homo puppet govt .

sapientia:


I doubt your sanity

BigBabyJesus:


Buhari is a WEF puppet.

The entire Covid fiasco should have made that painfully obvious.

Now Pantami, Aregberascal and Emefile are scrambling amongst themselves to sell you to Globo Homo with Bill Gates ID2020 and digital currency .

You are a slave to Globo Homo.

sapientia:


Do you normally read what you write?

BigBabyJesus:


Real leaders were killed by the khazar Mafiya for rejecting their scamdenic jab.

Buhari is a puppet of judas.

He has done more for the khazarian banking cartel than any other puppet.

He even wanted to start a proxy war in Nigeria between Iran and Saudi Arabia by killing shiites .

Mossad even facilitated the capture of their own judas goat, Rabbi Kanustein to Buhari .

Buhari is a puppet of judas

sapientia:


na wa ooo

BigBabyJesus:


Red pill overdose ?

Don't worry you go dey alrite las las

sapientia:


You need help

No jokes