Abuja Bakers May Increase Price Of Bread By 30%

“The 30 per cent has not been affected before and price needs to be increased again because we have had an increase in prices of raw materials and we don’t have alternatives.“For every N500 added on every cost of raw materials, it will affect our cost of production,” Cardillo said.

She explained that the sector was faced with a series of challenges that needed urgent attention to avoid collapse. Ms Peace Izeduwa, manager, Nextar Bakery, also confirmed that the prices of raw materials were outrageous and were affecting the cost of bread. Izeduwa urged the Federal Government to look into it and regulate the prices of material used in bread production adding that the 30 per cent planned increment was not even enough.“The 30 per cent we are trying to add on it, it’s not like it is going to take care of all our profit. Even with the increment of 30 per cent, we still are running at a loss.

“Milk is now N54,000 as against N34, 000 that we were complaining of; sugar used to be N18,000, it is now N20,000.‘’We have other issues such as the high cost of power. Last month, Abuja Electricity Distribution Company gave us a bill of N955,300, almost a million yet, power is not stable.“We need the government to look into these issues and help us regulate the price of all the raw materials we are using in the bread industry and other industries,” she said.

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