20% Bread Price Hike Begins In Lagos Saturday

by Layi Adeloye

From tomorrow (Saturday), Lagos residents will start paying more for bread, as the price of the commodity has officially been hiked by 20 per cent.

The Standards Organisation of Nigeria has said that on the same date, it will commence the enforcement of the Mandatory Conformity Assessment Programme, which is geared towards making bakers and caterers in the country comply with acceptable standards in their operations.

The Chairman, Association of Master Bakers and caterers of Nigeria, Lagos State Chapter, Jacob Adejorin; and the Director-General of SON, Dr. Joseph Odumodu, confirmed the developments at a forum in Lagos.

Adejorin said so far, members of the Lagos State chapter of AMBCN had refrained from joining their counterparts in other states, who had increased the price of bread sequel to the recent rise in the prices of flour and other ingredients used in making bread.

For more, read http://www.punchng.com/business/business-economy/20-bread-price-hike-begins-in-lagos-saturday/

cassava business is a good business

Thank God i'm OVERSEA.

now dat the price of bread has increased by 20% .. I bet we will witness a significant increase in the price of cassava flakes proportionately.

XVIER: Thank God i'm OVERSEA.

see as person dey reason....why we come dey complain about d political class....should it be about u alone.....smh

tunapawizzy:
see as person dey reason....why we come dey complain about d political class....should it be about u alone.....smh

one thing i notice in 9ja is "EVERY MAN FOR HIMSELF" so deal with yours bro

The prophets of doom of nairaland have achieved their aim! Finally the price of bread in the market has been affected

[size=20pt]Why Lagos alone? [/size] What about other states?

. . . And how does this affect the price of ga. . . Oh! It does . .

scopedon: At last a topic that affects the price of garri and bread on front page

LMAO
Abi....finally!

yuzedo: . . . And how does this affect the price of ga. . . Oh! It does . .

lol

well i believe as the world econmon continues to fail and more money is printed....its only logical that this will happen...i have spoken times without number about government BONDS and what really they mean when you here CBN going to sell BONDS....it means in lame man example....if you have alcohol of 60% concentration and you begin to add water....what you will have is still taste like alcohol but the concentration has been reduced to maybe 25% due to diluting with water....now to the price of goods since more money is printed by the way of BONDS...you will have the same 1000 naira but of lesser valus compare to last month and even last week....so since more money is chasing goods and services its only normal by the law of supply and demand to have prices go up..... so rather than focus on these issues you have no power to control, because the elite will always win in this game of money..... focus of improving your cashflow...create more avenues to make more money so your financial statement always will have a surplus....if not i see alot of people going into the class of super poor soon

XVIER: one thing i notice in 9ja is "EVERY MAN FOR HIMSELF" so deal with yours bro

ur opinion, ur entitlement......peace

THE ONLY OPTION IS TO CAV YOUR OWN BREAD WITH WAT EVER TOOL U HAVE IN THIS GOD FORSAKEN GEOGRAPHY CALLED NIGERIA

XVIER: Thank God i'm OVERSEA.

Guy why don't u contribute something meaningful and go. Everybody claims Oversees even people in togo and chad. When we see the real them, from their statement u will know yes this Guys are doing well abroad, they don't need to broadcast it. Only people living in orile want people on NL to think they live in zurich.

XVIER: Thank God i'm OVERSEA.

I'm sure you are either in Sudan or Somalia.

Why is it that it is the prices of the common man's food that increases and not that of the rich man. God is watching you o.

To the topic; Hope Cassava Bread Bakers will not make this to affect the price of Garri.