By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Thursday, Apr 30, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
BusinessNigerian economy

Economic recession: More bakers close shop over high cost of raw materials

Chigozie Ekwenye
Last updated: February 18, 2017 8:22 am
By Chigozie Ekwenye
Share
4 Min Read
SHARE

of Master Bakers and Caterers of Nigeria (AMBCN) has expressed its displeasure on the high cost of baking materials that keep forcing members to close shops. This happened during the association’s first NEC meeting at Sagamu where the newly elected executives had appealed to the Federal Government to come to their aid. Speaking at the meeting, National President of the association,

Dominic Daniel Turi, said, “we are making efforts to collaborate with government so that they can look into issues affecting bakery operation in the country, especially the high cost of flours, sugar and other baking ingredients. According to him, “we used to buy flour for N8,000 but now it is N12,000. The price of sugar was  N6,000 but now is N20,000; butter was selling at N6,000, it is now N12,000. So, we are appealing to government to assist the baking industry.

Mr Turi said further that the economic recession is seriously affecting the baking industry. “In the northern part of the country, 65% of the bakery industry has closed down and the remaining few is now baking doughnut”. Mr Turi encouraged the members to work hard, saying, “we all have responsibility to ensure that we work hard in building a sustainable industry in the association”.

In addition, National Secretary of the Association, Honourable Jude Okafor,  said, “the association has taken cognisance of the multiple challenges rocking bakery industry, such as increment in the prices of baking materials and ingredients and promised that the association would explore every necessary avenue to assist its members remain in business.

Mr Okafor promised that in no distance time the newly elected executives would start delivering their mandate to the association. “Actually, it has been a very worrisome development since the recession started in the country. The association has taken steps to cushion the effect of high cost of raw materials. We have asked our members to increase prices of bread between 10 and 20% since last year. But along the line prices continue to soar and today most of our members have shut down.

We have written to the Federal Government to intervene with some palliative measures to cushion the effect of high cost of bread production which is stable food in Nigeria. We have equally asked the FG to provide the association with  starter pack of bake sure improver, which is the improver that has helped us to add 10 and 20%  cassava flour without having any problem with the bread. Cassava inclusion has helped in reducing the cost of wheat.

Nigeria Named Among Top 10 Countries Facing Worst Global Food Crisis
$516 Million Loan: ‘Why Are We Still Borrowing After Fuel Subsidy Removal?’ — Sanusi
MTN Nigeria suspends Xtratime service over new lending rules
Why the US–Iran War Should Be a Blessing for Nigeria, Not a Curse

If starter packs of bake sure improver is made available, it will enable us add 10 to 20% cassava flour which will go a long way in reducing the cost of production instead of using only flour for bread. In his contribution, former caretaker chairman now BOT chairman of the association, Sir Simon Abanulor, said, “ the economic recession has affected everything especially bakery industry because 75% of the raw material is imported.

Bakers should exercise patience and try their best to remain in business believing that the economy would improve in due course”.

Source: Vamguard

author avatar
Chigozie Ekwenye
See Full Bio
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
Previous Article Breaking: Fani-Kayode ready to leave PDP, it’s carcass for Sheriff
Next Article Three dead, 23 injured as bus plunges into Lagos canal
Search
– Advertisement –
Latest News
  • Sen. Mustapha Withdraws from Yobe Guber Race, Relinquish Senate Seat for Gov. Buni April 30, 2026
  • Gov. Buni Set to Join Senate as Yobe Group Secures Nomination Forms April 30, 2026
  • National Union Of Journalists Returns Nwaguma For 2nd Term April 30, 2026
  • Reasons Why Kaka Shehu Lawan Should Succeed Prof. Zulum April 30, 2026
  • Bianca Ojukwu Receives New Appointment April 29, 2026
  • Gov. Buni, Geidam, Others Endorses Former SSG for Yobe Governorship April 29, 2026
  • BREAKING: Dr. Goje Appointment Acting SSG in Yobe April 29, 2026
  • Gov. Zulum Anointed Mustapha As Successor, Explains Why April 29, 2026
  • EFCC Boss Reveals How Pastor Jerry Eze Was Investigated April 29, 2026
  • Borno Senator Enters Governorship Race, Sets Up APC Contest April 29, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

President Bola Tinubu and India Prime Minister Narendra Modi
AfricaEditorial

Nigeria’s Diplomatic Recession: Tracking the Dwindling Global Interest (2010–2025)

March 24, 2026
BornoBusiness

Against the Odds, Borno Women Thrives to Build Businesses, Creating Change

March 19, 2026
Latest NewsNigeria News

FG Launches ‘Fly Now, Pay Later’ Scheme for Air Travel

March 18, 2026
President Bola Ahmed Tinubu
NationalNigeria News

Tinubu Appoints Fola Adeola to Chair Petroleum Reform, Value Optimisation Taskforce

March 13, 2026
NationalNigeria News

FG Flags Off Food and Nutrition Programme in Plateau

March 10, 2026
Petrol Hits N1300 Signalling Tougher Economy For Nigerians
BusinessGlobal Economy

Iran War: Petrol Hits N1,300 Signalling Tougher Economy For Nigerians

March 10, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?