Starvation looms as baking industry moves to shut down over high cost of production – Newstrends
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Starvation looms as baking industry moves to shut down over high cost of production

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Baking industry producing bread, a major staple food in Nigeria is currently shutting down operation in some parts of starvation looms as baking industry moves to shut down over high cost of productionhe country following the high cost of essential ingredients including flour, sugar and other items.

DAILY POST observed that some bakeries in the Federal Capital Territory had already shut down since May 2021 and resorted to other businesses following constant surge in bags of flour and sugar.

Price of bread in some parts of the country had previously witnessed increments despite decrease in quality and quantity by bakers who complained of running at losses due to the surge in materials.

Our correspondent gathered that a loaf hitherto sold at N400 is currently been marketed between N600 and N700, worsening the hardship imposed on Nigerians following the economic and security crisis bedeviling the entire nation at the moment.

DAILY POST’s finding also reveals that a bag of flour which was sold between N11,000 to N12,000 in January this year, has skyrocketed to N23,000 and above triggering the decision of the bakers to suspend operations pending when normalcy returns.

Similarly, a bag of sugar which was sold at the rate of N13,000 in late 2020 is currently sold for N25,000 and above in many parts of the country.

Speaking with DAILY POST, Chief Executive Officer of a popular bakery in Delta State, Mandela Makinde said he has shut down his company till further notice, stressing that he had been running at a loss for the past seven months.

According to him, the price of flour increases on a weekly basis, stressing that he lost over N300,000 in September while trying to keep the business afloat.

He hinted on alleged moves by some bakery owners in the state to resort to substandard way of producing breads by using harmful ingredients in a bid to continue the business.

According to him, “We have basically ran at a loss for the past 7 months, been keeping it open with personal funds just so my workers would have a job while I thought there would be change, but at this moment we have no other choice than to shut down.

“I am currently at the bakery and nothing is going on. We have suspended all activities here pending when the price of flour reduces.

“The price of flour and other ingredients have consistently continued to rise since the beginning of this year. As a CEO, I don’t have a single flour now because the last time I went to the market, the price they gave me was too high and I couldn’t afford it.

Asked if there is a plan to further increase the price of bread, he said “it is an individual business, so you cannot actually fix the price of bread because it is a competitive market. If your price is higher than every other person’s own, customers will go for the cheaper ones.

Speaking on reasons for the constant increments, the CEO said “since wheat importers started to source their Fx from the black market, the price of flour has continued to rise”.

He called on the National Agency for Food and Drug Administration and Control (NAFDAC) to investigate some bakeries, alleging that some of them use ‘Bromate and Sacarine’, products considered to be harmful to health.

“Many have played with volume in order to keep the price steady, some are beginning to add dangerous items such as ‘Bromate and Sacarine’ to keep their prices low”.

Similarly, Mr Adebayo Ayomide, a bakery owner in Bwari Area Council, FTC Abuja told DAILY POST that he has converted the bakery to a mini poultry due to the constant surge in price of flour.

He said, “Before I shut down the bakery recently, I was already indebted. What I usually do was to go to the market and get the flour from the seller then pay him after selling the bread but unfortunately, I was no longer making even the capital not to talk of profit. I had to stop and look for alternative.

“The country is so hard right now that relatively, nothing is working. Even this poultry, the chicken feed is very expensive and that is why you see that the price of egg is always increasing”.

Speaking with DAILY POST in Abuja, a bread consumer, Miss Jennifer lamented the level of hardship currently bedeviling the masses saying no food is presently affordable to the poor.

“Gone are the days when some food items like garri, bread were seen as poor man’s food. Now, both the rich and the poor are struggling for the items.

“The money is not there, common bread that you can just eat with soft drinks to quench hunger is no longer there, garri is not affordable, rice is never a poor man’s food so what do we do?

“The moment you begin to think that things will get better, you will just hear something worse. How did we get here? And the major problem in this country is that nothing goes up and comes down.

DAILY POST reports that the development may worsen the economy as many employees of the bakeries shutting down across the country would be pushed to the streets as jobless people.

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Two online scammers arrested in Rivers for defrauding woman of N110m

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Two online scammers arrested in Rivers for defrauding woman of N110m

Operatives of the C4i Intelligence Unit of the Rivers State Police Command have arrested two suspected online scammers, Michael Onyedikachi and Akachukwu Benedict, for defrauding a Canada-based Nigerian woman of N110m.

The spokesperson, Grace Iringe-Koko, who disclosed this in a statement on Tuesday, December 31, 2024 said the victim, Sandra Austin, a resident in Ontario, Canada, was deceived by the suspects into transferring N110m over two years.

Iringe-Koko explained that the scam began in February 2022 when Sandra received a Facebook friend request from an account named “Engineer Desmond Chibuike Okechukwu.

“Initially hesitant, Sandra eventually accepted the request, which led to frequent exchanges of messages. The individual behind the account posed as an engineer capable of assisting her in constructing properties in Nigeria,” the statement read.

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“The fraud escalated when the suspect persuaded Sandra to move their conversations to WhatsApp, where he shared photos of luxury homes he claimed to have built in upscale areas like Ajah, Lagos.

“Sandra expressed interest in one of the showcased properties, which the scammer claimed would cost N150m. Trusting his claims, she transferred a total of N110m to a provided bank account between 2022 and 2024.

After making a final payment of N30m, she was abruptly blocked from all communication channels.

The scam caused Sandra’s blood pressure to spike, requiring hospitalisation. Determined to seek justice, she contacted her family in Nigeria, who reported the matter to the police.

Following a petition to the Rivers State Commissioner of Police, the case was referred to the C4i Intelligence Unit in Port Harcourt for a discreet investigation.

“The suspects attempted to intimidate Sandra to deter her from involving the authorities. However, the operatives, through intelligence-led policing, apprehended two suspects,” the statement read.

The first suspect, 29-year-old Michael Onyedikachi from Nkanu West LGA in Enugu State, was arrested on 14 August 2024 in his bungalow in Ama-Okponike, Enugu.

Iringe-Koko said Michael confessed to creating the fake “Engineer Desmond” account and admitted to using downloaded images of construction projects to deceive Sandra.

“Michael spent eight months in Accra, Ghana, learning online fraud techniques. During his arrest, a shrine believed to be linked to his fraudulent activities was discovered in his residence.”

The arrest of Michael led to the apprehension of his accomplice, 29-year-old Akachukwu Benedict, from Ngo-Okpala LGA, Imo State, on 16 August 2024.

Akachukwu was found in a hotel suite in Enugu, which he had booked for a year. He admitted to introducing Michael to online fraud in 2022 and confessed to swindling an American woman out of $600 in 2021.

The suspects revealed that they used cloned SIM cards and cryptocurrency wallets to avoid detection.

Items recovered from them included a Toyota Corolla, land documents, laptops, and mobile phones.

The police stated that investigations are ongoing to apprehend other accomplices, adding that the suspects will be charged to court upon completion of the investigation.

“The swift action by the C4i Intelligence Unit underscores their commitment to combating cybercrime and ensuring justice for victims,” the statement concluded.

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I stand by my comments – Bauchi gov replies Presidency

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President Bola Ahmed Tinubu and Bauchi State Governor Bala Mohammed

I stand by my comments – Bauchi gov replies Presidency

Bauchi State Governor Bala Mohammed has firmly defended his criticism of President Bola Tinubu’s proposed tax reforms, responding to the Presidency’s demands for a retraction with a resolute statement.

“I cannot be threatened as a governor. I stand by my comments. It is not meant to malign, insult, or to do anything to the contrary other than mean well,” Mohammed said during Channels Television’s 2024 Year-End Review program on Tuesday.

The governor, who also chairs the Peoples Democratic Party Governors’ Forum, criticized what he described as the Presidency’s “arrogance” and urged federal authorities to heed the concerns of Nigerians. He warned that the proposed tax reforms, if enacted, would have severe economic consequences for sub-national governments and exacerbate poverty.

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“We believe that as the leader of the federation and all other federating units, they should listen to us, not to be arrogant and showing some elements of impunity that whatever happens, they would go ahead,” Mohammed said.

The governor also described the Presidency’s approach to the tax bills as “undemocratic,” asserting that even leaders with military backgrounds would have engaged with citizens and addressed “areas of suspicion and mistrust” in such a contentious policy.

He further highlighted the regional disparity in the proposed tax reforms, suggesting that they unfairly favor one part of the country over others. “Some states should not be allowed to die because they do not have the headquarters of companies in Nigeria,” he stated.

Governor Mohammed had previously criticized Tinubu’s tax bills in the National Assembly, warning that they were effectively “calls for anarchy” and threatened a strong response from northern leaders if the legislation was passed. “They would see our real colour,” Mohammed said during his earlier remarks.

In response, the Presidency accused Mohammed of engaging in “inflammatory rhetoric” and issuing “direct threats toward the federal government,” demanding that he retract his statements. However, Mohammed remains steadfast, framing his comments as a call for equity and fairness.

The governor’s position is aligned with those of his 18 counterparts in Northern Nigeria, who have unanimously rejected the proposed tax reforms. Despite mounting opposition, President Tinubu has insisted that the reforms are essential and will proceed as planned.

I stand by my comments – Bauchi gov replies Presidency

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Horror in Ogun as twin brothers kill, dismember sex worker

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Taiwo Yemitan

Horror in Ogun as twin brothers kill, dismember sex worker

Operatives of Ogun State Police command, on Tuesday, said it arrested one Kehinde Yemitan, a murder and ritualist suspect at his hiding in Ilogbo Ota community of Ogun State.

The suspect’s twin brother, Taiwo had earlier been arrested on December 22 alongside one Kazeem for the alleged murder and dismembering of one Darasimi.

The victim is a commercial sex worker, who was lured to the suspects’ Abeokuta residence and killed.

The spokesperson of the state police command, Omolola Odutola, disclosed this in a statement on Tuesday.

Odutola said, “Having been fingered as one of the accomplices to the tragic crime, the police surveillance team in collaboration with the So Safe Corps were said to have been on the look out for Kehinde until intelligence gave out his hideout on Monday.

“On December 30, 2024, at about 5 p.m., the Divisional Police Officer of Sango Otta received a tip from a volunteer informant indicating that Kehinde Yemitan, the twin brother of Taiwo Yemitan, was hiding in the Ilogbo community.

“The Police launched a manhunt for Kehinde in connection with murder and the mutilation of one Darasimi, surname unknown, on the 22nd of December, 2024 when his twin brother, Taiwo, and Kazeem were arrested at about 1 p.m., by the Divisional Police Officer of Lafenwa after the duo lured their victim Darasimi, a night sex worker in Abeokuta to their house for ritual purposes.

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“Following this information, a surveillance team, in collaboration with the So Safe Corps, promptly mobilized to the community and apprehended the suspect.

“He admitted to conspiring with others to carry out the crime in Abeokuta.

“Several community members also confirmed his involvement in criminal activities.”

Yemitian was said to have been been transferred to the State Criminal Investigation Department for discreet investigation.

Meanwhile, Odutola has urged young women to desist from engaging in casual friendship or relationship for pecuniary gains otherwise called “hookup’, given the perennial danger inherent in such unholy relationship.

The police spokesperson urged parents to also join the police in raising awareness about the danger of getting involved in vices such as prostitution that could readily cut people’s life short.

“He admitted to conspiring with others to carry out the crime in Abeokuta.

“Several community members also confirmed his involvement in criminal activities.”

Yemitian was said to have been been transferred to the State Criminal Investigation Department for discreet investigation.

Meanwhile, Odutola has urged young women to desist from engaging in casual friendship or relationship for pecuniary gains otherwise called “hookup’, given the perennial danger inherent in such unholy relationship.

The police spokesperson urged parents to also join the police in raising awareness about the danger of getting involved in vices such as prostitution that could readily cut people’s life short.

She said, “A further appeal goes to the teeming young females to see this unfortunate incident as a big lesson and be cautious not to fall victim to another ritual killing.”

Horror in Ogun as twin brothers kill, dismember sex worker

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