June 18, 2024

  • Bitcoin(BTC)$24,383.00-1.66%
  • Ethereum(ETH)$1,657.83-2.53%
  • Tether(USDT)$1.000.18%
  • BNB(BNB)$310.23-1.26%
  • USD Coin(USDC)$1.000.10%
  • XRP(XRP)$0.39-0.81%
  • Binance USD(BUSD)$1.000.05%
  • Cardano(ADA)$0.39-2.73%
  • Dogecoin(DOGE)$0.09-2.67%
  • Polygon(MATIC)$1.38-6.66%

Bread Scarcity Looms, Prices to Soar in Coming Weeks

0 174

CEM REPORT | Bread makers and caterers under the aegis of the Association of Master Bakers and Caterers of Nigeria (AMBCN) has announced a two weeks strike.

A communique issued by the revealed that the strike has been slated for the July 13, 2022.

National President of the association, Mansur Umar, said embarking on the strike was as a result of multiple taxation of it members and the rising cost of baking ingredients.


“Increase in prices of bakery materials, especially flour and sugar having reached unprecedented levels. For example, flour is now between N25,000 and N27,500, so also other ingredients.

“The National Wheat Cultivation Committee already constituted is yet to be inaugurated after over one year. NAFDAC, SON, and NESREA have turned the bakers into money-making machines by charging our members’ outrageous levies even at this very challenging moment.

“Consequently, the NEC in session resolved that all zones, state, Local Governments and units of our association should commence full mobilisation of our members nationwide to embark on withdrawal of services starting from Wednesday, July 13, 2022, for an initial period of two weeks.”

While adding that effort to get concerned ministries, departments and agencies (MDAs) of government, had been unsuccessful, the association said it will not embark on the strike if the federal government gives heed to their demands.

Earlier in March, Premium Bread-Makers Association of Nigeria, has said harsh business environmental forced several bakers to shut down operations.

[READ ALSO] Nigerians Spend more on Food as Prices Continue to Rise

They added that this will automatically trigger the cost of the commodity next month. They described the present situation as worrisome and imminently crippling for operators in the bread-making businesses segment.

Share this

Leave a Comment

glo advert
WP Twitter Auto Publish Powered By : XYZScripts.com