metro
Starvation looms as baking industry moves to shut down over high cost of production
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.
Daily Post
metro
Gunmen kill two soldiers in Abia checkpoint attack
Gunmen kill two soldiers in Abia checkpoint attack
Early Wednesday morning, gunmen attacked an army checkpoint in Ekenobizi, a border community between Abia and Imo states, located in Umuopara, Umuahia South Local Government Area.
The assailants reportedly arrived around 6:18 a.m. in a white Lexus SUV (model 350/400) and launched an assault that resulted in the deaths of two soldiers.
A military source, who wished to remain anonymous, provided details of the incident but could not confirm the exact number of attackers involved.
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Confirming the incident in a press release on Wednesday, Lieutenant Colonel Jonah Unuakhalu of the Joint Task Force South East Operation UDO KA said: “In the early hours of today, 13 November 2024, troops of the Joint Task Force South East Operation UDO KA, deployed at a checkpoint along the Umuahia – Owerri Road in Umuahia South Local Government Area of Abia State, came under attack by the irredentist group Indigenous People of Biafra and its armed affiliate, the Eastern Security Network.
“During the attack, the gallant troops were able to repel the assault, forcing the attackers to retreat in disarray with gunshot wounds, abandoning one Sienna and one Lexus Jeep used in the attack. However, in the ensuing firefight, two soldiers paid the supreme price.”
The Joint Task Force appealed to residents of the South East, particularly those in Abia State, for credible information to help track down the fleeing attackers and combat criminal elements in the region.
The force reiterated its commitment to protecting lives and property in line with global best practices and the rules of engagement.
Gunmen kill two soldiers in Abia checkpoint attack
metro
94 arrested as task force raids Lagos rail corridor squatters
94 arrested as task force raids Lagos rail corridor squatters
At least 94 illegal occupants and squatters along the railway corridor from Pen Cinema to Fagba were arrested by the Lagos State Taskforce in an early morning sting operation on Wednesday.
During the raid, substances suspected to be hard drugs—such as Indian hemp, colorado, and other harmful drugs—were seized, along with various weapons.
It was gathered that those arrested attempted to resist the task force’s actions.
In a statement, Director of Public Affairs, Gbadeyan Abdulraheem, confirmed that those arrested will face prosecution.
He added that the agency dismantled shanties and makeshift structures along the railway corridor, clearing a distance of some kilometers.
The Taskforce Chairman Adetayo Akerele explained that the eviction aimed to provide relief for residents around the Fagba, Agege, and Pen Cinema railway routes, following numerous complaints from the public about criminal activities in the area.
He noted that the squatting had violated environmental and sanitary regulations.
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Akerele also highlighted the health and safety risks posed by the presence of squatters along the rail corridor.
He warned the evicted individuals not to return and assured residents and train passengers that regular patrols and surveillance would be conducted to prevent the re-establishment of shanties in the area.
“The rail tracks are not meant for habitation or the sale of narcotics. Anyone caught converting this place into a den of criminals or an area of residence will face severe consequences according to the law,” Akerele was quoted as saying.
Speaking on the raid, Commissioner for Environment and Water Resources, Tokunbo Wahab, disclosed that a locally fabricated short gun was recovered.
“94 suspects were arrested during the midnight operation; a locally fabricated short gun and several wraps of illicit substance suspected to be indian hemp, charm and a jack knife were recovered.
“The suspects will be charged to court accordingly,” Wahab stated in a post on X.
94 arrested as task force raids Lagos rail corridor squatters
metro
Okpebholo sacks all political appointees, Board executives in Edo
Okpebholo sacks all political appointees, Board executives in Edo
Governor Monday Okpebholo of Edo State has swept out all Board, Parastatal, and Agency appointees from his predecessor, Godwin Obaseki, in a decisive move to overhaul the state’s public service.
A statement released on Wednesday by the Governor’s Chief Press Secretary, Fred Itua, confirmed the immediate dismissal of all political appointees and Permanent Secretaries brought in from outside the state Civil Service.
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The statement reads:
“For the information of the general public, His Excellency, Senator Monday Okpebholo, Governor of Edo State, has approved the dissolution of Executives of all Boards, Agencies, and Parastatals in the Edo State Public Service with immediate effect.
“In addition, all Permanent Secretaries appointed from outside the State Public/Civil Service and all Political Appointees are hereby relieved of their appointments.”
Affected individuals have been directed to return all government property in their possession to the senior Public Officers in their respective Ministries, Departments, and Agencies.
Okpebholo sacks all political appointees, Board executives in Edo
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