Bakers announce new price hikes for bread

Nigerians will pay more for bread in the coming days as bakers in some states have announced price hikes to cover the high cost of ingredients.

Kogi Master Bakers said Sunday they were resuming production after weeks of strike, but will increase prices of their products.

The association had Wednesday joined the nationwide strike declared by its national body to demand government intervention regarding prices of materials used in bread production.

“Although the federal government is yet to respond to our pleas and demands, we are satisfied that we have at least sent a message hoping for a positive result,” Gabriel Bamidele-Adeniyi, chairman, Association of Master Bakers and Caterers of Nigeria, Kogi chapter said.

“Unfortunately, as we resume production, July 25, prices of bread will definitely increase by 20 per cent.

“A bread of N200 will cost between N240 and N250, that of N500 will cost N600, that of N600; N750, that of N700 will cost N880 and that of N800; between N980 and N1, 000 respectively.

“We want the public to know that the new increment in prices of stable bread is not our making but that of the increase in the prices of commodities we use in bread production.

“We want the government to see to it that prices of yeast, sugar and flour being imported are drastically reduced so that only three companies have the licence to import them.

“Unfortunately those three firms are monopolising the prices of sugar, yeast and flour to the detriment of bakers in Nigeria,” he lamented. (NAN)