Anna Okon


The high cost of baking ingredients may push bread prices up , bakers have warned.

The Premium Bread Makers Association of Nigeria gave this warning on Monday at a press briefing in Lagos .

“The challenges we face as a result of the incessant increase in the prices of baking ingredients have rendered most premium bakeries comatose making us to operate at a loss, ” the President of the association , Mr Jemide Tosan , stated .

The association noted that whereas the prices of flour , sugar and other baking ingredients had increased threefold in the past three years, there had been no corresponding increase in the prices of premium bread by the PBAN members .

It said between 2015 and 2018 , the price of flour had increased from N6,500 to N11,500 per 50kg bag , while sugar had seen 77 percent rise in price in the same period , with salt , margarine, yeast and preservatives had recorded 84 percent , 67 percent , 112 percent , 45 percent and 137 per cent increases , respectively .

Also , the price of diesel, which is used to power factory generators on a 24 - hour basis, had gone up by 57 percent , while the price of improvers used in enhancing the quality of bread had risen by 160 percent during the period , the association stated , adding that conversely , the price of bread had only witnessed 11 percent rise within the period .

“ Most of us got loans with double - digit interest rates from financial institutions to fund our bakery projects and are finding it extremely difficult to meet our loan repayment obligations , ” Tosan noted , adding that something had to be done to save the industry from extinction .

He said , “ Given the current situation, most premium bakeries may be forced to embark on a price increase , which will further make bread unaffordable to the common man .

“ As an association , we are totally committed to ensuring that Nigerians have healthy, quality, affordable and harmless bread on their tables .

“ It is in light of this that we appeal to the Federal Government to look into the issues that currently threaten the existence of the premium bakery industry in Nigeria. ”

https://punchng.com/bakers-set-to-increase-bread-prices/


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All is set for 2019

Anybody way vote buhari is from the kingdom of hell

Even out bread way we they manage he wan take am from us

Na today

The wicked CHANGE is spreading...


Kai Barber!


Any further vote for Buhary in 2019, is a VOTE for SUICIDE mission accross the country.


You are being warned again.

dre11:






https://punchng.com/bakers-set-to-increase-bread-prices/

What do you expect from Sai Babaric economy ?

CC onyeoga madridguy buhariguy omenka shalomc iceberg3 yarimo odvanguard pointzerom t9ksy imperialyoruba odvanguard yorubaassasin alariiwo lzaa Ikenna0b ngeneukwenu captaing00d roger3d

My problem is that every single contestant is better than Buhari including you and myself.. and its making it difficult to pick one, buhari has made everyother person look albert einstein smart to us all.

Its like being a 1 after zero, we no longer know who is a 20 or who is a 1/2.

Ah so Nadia coconut bread go increase to 1k

Oh lord .my favorite food.. Which kind country be this.. Say no to buhari 2019

One day ordinary Cotonou & Togo would be a better vacation spot to run away from this hell called Nigeria.

Associations has been a curse rather than a blessing in Nigeria

dre11:





https://punchng.com/bakers-set-to-increase-bread-prices/


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Market Square, Nibbles and Gibsco bread should not try it oooo. It's an alreay on the high side.

I quitted already

Who cares?

I hate bread!
Let garri sha stay as it is.

Na like these we go dey look

and u think government is the mayor problem of Nigeria?.... Nigerians are the biggest problems of Nigeria


most associations in Nigeria are created for selfish and extortion interests

God what's all these Na.

If only you can clear off these set of evil beings in this country and create a new set of people.

Lol
Nigerians will revert to drinking Gari..

If na like this make saraki win o

hunger go dey land now.

Homeboiy:
Ah so Nadia coconut bread go increase to 1k

haha
I like that bread

I must buy am every weekend before i go house
Uniben

bakery work can hard
I remember after my waec that year
I come say make i find work take dey follow up first before Uniben go give me admission

na so i begin work for one bakery
i nearly die. i run leave the work after working for three days

Chai baba

Increase d price @ yr expense. Man does not live by bread alone

Wait even Agege

Naija why?

Y?


The price mechanism in Nigeria is messed up.

These days I hardly go to the market cos I’ll leave angry, the prices are over bloated, then they’ll ask you ‘how much you go pay’?


Just so you’ll shoot yourself in the foot by proposing a price that’s way above their cost price, because they want to earn even more than the manufacturer.


This isn’t about the president, it’s pure greed.

Homeboiy:
Ah so Nadia coconut bread go increase to 1k

Lol, correct uniben guy

zinnyzee:
Who cares?

I hate bread!
Let garri sha stay as it is.

That's a shallow way of thinking

kia whatzs is za problem manna? cant we eat bread again in peace? 100 naira bread now looks like 50 naira bread

Are they not tired of increasing the cost of bread? Imagine bread sold at the price of 200# and 250# in the year 2014 and part of 2015 is now being sold for 400# or 350#. Infact there is no more 50# bread, it is now 100# or 80# in rare cases. God please help us.