Association of Master Bakers and Caterers Announces 30% Increased on Bread.
NaijaNews Nigeria May 27, 2021
Explaining the reason for the price increase, the association of master bakers said the increase in prices of costs of production including sugar, butter, yeast, and flour as well as worsening economic situations in the country is responsible for the directive.
The association in a statement by its National President, Mansur Umar at the end of its National Executive Council (NEC) meeting in Abuja. explained that “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 concluded to adjust our prices by 30 per cent.”
It also appealed to the federal government to allow only the National Agency for Food and Drugs Administration and Control (NAFDAC) to be the only agency responsible for regulating the affairs of its members.
The Master Bakers also lamented the high tariff its members have to pay and its negative impact on the final cost of products.
It, therefore, appealed to the government to intervene and reduce the tariffs.
“The incessant increase of prices of flour and other baking materials is responsible for the decision.