Consumers To Pay More As Bread Prices Go Up By 30%

Posted by African Examiner Featured, Latest Headlines, News Across Nigeria, News From The State Thursday, May 27th, 2021

(AFRICAN EXAMINER) – The Association of Master Bakers and Caterers of Nigeria (AMBCN) has stated that prices of bread and biscuits will increase by 30 percent to curtail the impact of rising cost of production.

The association announced this at the end of its national executive council (NEC) meeting in Abuja.

Mansur Umar, national president of the AMBCN, who read the resolution, stated that increase in prices of flour and other baking materials led to this development.

The association lamented that a truck of flour which was previously sold at N6 million is now N9 million.

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

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

“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.”

The association enjoined the federal government to take urgent steps towards reducing the high price of flour.

It also tasked the government to reverse the high tariff regime imposed by the National Agency for Food and Drugs Administration and Control (NAFDAC) and limit regulation of bakers to NAFDAC.