Prices of bread, biscuits, others to increase by 30 percent – Bakers Skip to main content

BREAKING: Baba Ọba of Oyotunji Village Dies Suddenly Amid Controversy with New Alaafin of Oyo(GOV. SEYI MAKINDE)

  Shockwaves are reverberating across Yorùbáland and the global Yorùbá diaspora following the sudden death of the Baba Ọba (King’s Father) of the famed Oyotunji African Village in South Carolina, USA. The late Baba Ọba, Lukman Arohunfale, a revered socialite and traditionalist, passed away under circumstances already sparking fierce controversy. His death comes just days after he publicly accused the newly installed Alaafin of Oyo, His Imperial Majesty Oba Akeem Adéyẹmọ Owoade, of allegedly ordering his courtiers to beat him mercilessly during a recent courtesy visit to the Oyo palace in Nigeria. In a widely circulated voice recording, the deceased recounted how what was meant to be a simple homage turned violent. Although the Baba Ọba had reportedly battled ill health in the past year, growing insinuations suggest that the alleged physical assault may have aggravated his condition, ultimately leading to his untimely death. The palace in Oyo recently denied that s...

Prices of bread, biscuits, others to increase by 30 percent – Bakers

 


Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members nationwide to increase prices of bread, biscuits and other items by 30 percent due to devastating economic situation of the country.

The association explained the adjustment in price was as a result of the sudden increase in the costs of production as well as prices of sugar, butter, yeast and flour.

The directive was part of the resolution reached at the end of the National Executive Council (NEC) meeting of the association in Abuja.

National President of the association, Mansur Umar, who read the resolutions explained: “After considering the impact of the skyrocketed prices of baking ingredients/materials, for the survival of our noble business, which is presently bleeding, the association came to the conclusion to adjust our prices by 30 percent.”

It called on the Federal Government to intervene and reverse the high tariff regime imposed by the National Agency for Food and Drugs Administration and Control (NAFDAC) and streamline regulation by allowing only NAFDAC to regulate bakers.

Besides, the association frowned at the incessant increase in the price of flour as it is forcing its members to close their businesses.

While directing members across the country to increase prices of their products to at least 30 percent to cushion effects of high cost of production, AMBCN called on the Federal Government to take immediate steps towards reducing the high price of flour as it is killing the business.

“The incessant increase of prices of flour and other baking materials is responsible for the decision.

“In the last six months, one truck of flour that we used to buy at less than N6m is now N9m,” the association said in a statement.


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