Profitability analysis for the bakery business.

Bakery business (bread) is one of the lucrative businesses in Nigeria as bread is widely consumed in Nigeria. In fact, bread is the third staple food in Nigeria. There is
Virtually no household in Nigeria where bread is not consumed and in some family, bread is their main food.
Lagos State is the highest bread consumer in Nigeria as about 10 million loaves of bread are consumed in Lagos State every day. Statistics reveals that nigeria consumes about 150millions loafs per day, making bread one of the most consumables in Nigeria. It will interest you to know that in Nigeria bread sector, the small-scale bakers dominate the market. According to KPMG report in 2016, Nigerias bread sub-sector is growing at a faster pace, with 72 percent of the $621 million industry dominated by small- and medium-scale bakers