Skip to content
October 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Association calls for govt’s support, says a 50% hike in bread price, other finished baked items inevitable
  • Business & Economy
  • National News

Association calls for govt’s support, says a 50% hike in bread price, other finished baked items inevitable

Admin September 11, 2020
bread
Association of Master Bakers and Caterers of Nigeria (AMBCN) says a 50 per cent increase in retail prices of bread and other finished baked items is inevitable.

The leadership of the association disclosed this in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos.

Mr Raji Omotunde, Lagos State chapter Chairman of AMBCN attributed the proposed increase in price to the inflated prices experienced in the purchase of baking ingredients.

Omotunde said that several engagements with flour millers revealed constraints with access to foreign exchange to procure materials for the milling process.

“Prices of all ingredients used for baking are too high, especially flour and sugar”.

“Between March and September, there has been a monthly addition of N500 on a bag of flour and bakers have been bearing the additional cost. But as it is, baking bread and selling at the current price is no longer profitable”.

“We have been appealing to the millers but they are groaning about the absence and increase in price of foreign exchange.

“The only option we have now is to cry out so that government can come to our rescue,” he said.

Mr Nura Musa, the Public Relations Officer, Abuja Chapter of AMBCN called for government’s intervention to reduce the prices of baking materials.

He said the high cost of baking materials was killing the bakery business, which was one of the major employers of labour in the country.

“The instability of foreign exchange, high cost of diesel and other baking materials are reasons given by flour millers for the hike in the prices of baking materials.

“We have appealed to flour millers and other people involved in the selling of baking materials to reduce their prices but they have not responded”.

“And that is why we are pleading with Federal Government to intervene in this matter by engaging the flour millers and baking material sellers”.

“The association is one of the largest employers of labour in the country and if any bakery should fold up many people will lose their jobs.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: AMBCN Nura Musa Raji Omotunde

Post navigation

Previous Again, DSS invites ex-CBN deputy gov, Mailafia to its Jos office
Next Unical gets first female Vice Chancellor in 45 years

Related Stories

Notes on CBN reforms to build a healthy economy, by Arize Nwobu
  • Business & Economy

Notes on CBN reforms to build a healthy economy, by Arize Nwobu

October 17, 2026
Troops rescue kidnapped victim, recover N10m ransom in Kano
  • National News

Troops rescue kidnapped victim, recover N10m ransom in Kano

October 17, 2026
NGO investigates rise in aggressive breast cancer among women in Northeast infertility
  • National News

NGO investigates rise in aggressive breast cancer among women in Northeast

October 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Akpabio at IPU: Now, the world heeds Nigeria’s voice, by Ken Ugbechie 
  • Commentaries

Akpabio at IPU: Now, the world heeds Nigeria’s voice, by Ken Ugbechie 

October 18, 2026
REVEALED! Ogun 2027: I Never Purchased Governorship Nomination Form, Says Alleged PDP Aspirant
  • Politics

REVEALED! Ogun 2027: I Never Purchased Governorship Nomination Form, Says Alleged PDP Aspirant

October 18, 2026
Notes on CBN reforms to build a healthy economy, by Arize Nwobu
  • Business & Economy

Notes on CBN reforms to build a healthy economy, by Arize Nwobu

October 17, 2026
Troops rescue kidnapped victim, recover N10m ransom in Kano
  • National News

Troops rescue kidnapped victim, recover N10m ransom in Kano

October 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.