Bakers Hike Bread, Biscuits Prices By 30% Nationwide

The Affiliation of Grasp Bakers and Caterers of Nigeria (AMBCN), has directed its members nationwide to extend the costs of bread, biscuits and different baked gadgets by 30 p.c over the rising value of manufacturing.

The directive was a part of the decision reached on the finish of the Nationwide Govt Council (NEC) assembly of the affiliation held in Abuja not too long ago.

The AMBCN decision was learn by its nationwide president, Mansur Umar, explaining that the adjustment of worth was on account of the sudden enhance in the price of manufacturing in addition to costs of sugar, butter, yeast and flour. Whereas commending the federal authorities for resuscitating the cassava flour programme, the affiliation bemoaned the skyrocketing worth of standard flour within the final six months with one truck of flour which value lower than N6 million is now N9m.

“After contemplating the impression of the skyrocketed costs of baking components/supplies for the survival of our noble enterprise, which is presently bleeding, the affiliation got here to the conclusion to regulate our costs by 30 p.c,” he stated.

The affiliation additionally resolved to ask the federal authorities to reverse the tariff regime imposed by the Nationwide Company for Meals and Medicine Administration and Management (NAFDAC) and to streamline bakers’ regulation by NAFDAC solely.

Additionally talking, the nationwide secretary, Jude Okafor, was hopeful that the federal authorities will meet their calls for to avert the rise.