Bakers Threaten Strike Over Costs Of Raw Materials

 

The Association of Master Bakers has protested the rising cost of essential raw materials for bread production, threatening to close their bakeries if the federal government does not intervene in this case.  Bakers, who converged on Ikeja, in Lagos State, denounced the duty payable on imported wheat and their inability to obtain foreign exchange from the Central Bank of Nigeria for raw materials.  Bakers have also said that the price of bread may soon rise.  Speaking on behalf of the association, Southwest President Abibu Abolusodun said the majority of bakers are in debt because of the harsh business climate.

He said, “The flour millers should revert to the old prices of wheat flour and sugar. These are two major ingredients that determine the price of bread in the market.

“We are the second largest employers of labour next to the government. Our members no longer break even at the end of production, not to talk of making profit. Most members of the association are bogged down in debt, thereby forcing them to close business.

“The essence of business is to make profit, but the situation on the ground may make majority of bakers to wind up, since most of us are already in debt. If the harsh situation persists, bread may disappear from the table menu.” Räägi sõbrale... #AFRICA ... spill TEA ABOUT THE TOPIC ABOVE.... Easy on Shade #jaiyeorie