The Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members nationwide to increase the prices of bread, biscuits, and other items by 30 percent.
In a
statement released by its National President, Mansur Umar, after a National
Executive Council meeting Abuja, the association explained the adjustment in
price was as a result of the sudden increase in the costs of production as well
as prices of sugar, butter, yeast, and flour.
“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 came to the conclusion to adjust our prices
by 30 percent.”
The
association called on the Federal Government to intervene and reverse the high
tariff regime imposed by the National Agency for Food and Drugs Administration
and Control (NAFDAC) and streamline regulation by allowing only NAFDAC to
regulate bakers. The association also kicked against the incessant increase in
the price of flour as it is forcing its members to close their businesses.
“The
incessant increase of prices of flour and other baking materials is responsible
for the decision. In the last six months, one truck of flour that we used to
buy at less than N6m is now N9m,” the statement read in part.
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