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Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike - Politics - Nairaland

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Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by Adamantng: 8:55am On Sep 11
Bakers resume fresh battle against BUA, others over flour price hike

Bakers resume fresh battle against BUA, others over flour price hike
The Association of Master Bakers and Caterers of Nigeria has threatened to withdraw its services nationwide to protest the incessant increase in the price of flour and other baking materials.

Recall, the association had earlier called on the federal government to intervene in the incessant price hike of flour by BUA Group – IRS Flour Mill (owned by billionaire Abdulsamad Rabiu), Super Four Mill and Golden Confectionery, stressing that the hike is killing their businesses and may also render many jobless if no action is taken.

The bakers have however issued a two-week ultimatum, starting from September 23, for the federal government to address the situation, which they said was killing the industry.

The National President of the association, Alhaji Mansur Umar, issued the warning while briefing newsmen yesterday during their National Executive Council meeting in Abuja.

He said the increasing cost of bakery ingredients, if not checked urgently, may soon drive bakers into extinction.

He said if the federal government failed to address the situation after the expiration of the two-week ultimatum, “we will direct our members to withdraw their services across the country for one week.”

Umar lamented that amid the hike in the price of baking materials and multiple taxes, the National Agency for Food Drug Administration and Control (NAFDAC) jerked up its tariff regime, further worsening their plight.

He said the situation had compelled them to increase the prices of their products by 30 per cent across the board.

Umar said the situation had forced some of their members out of business while others are living in debt.

“At this time, most of our baking materials have risen to a level where appropriate bakery products pricing has become a very serious challenge.

“Our plea for the streamlining of our products regulations has not been heeded to, instead NAFDAC tariff regime has once again been jerked up.

“It becomes worrisome if the managers of our economy actually wish the bakery industry to remain or go extinct,” he said.

For full details :
https://www.dailyrecordng.com/bakers-resume-fresh-battle-against-bua-others-over-flour-price-hike/

Re: Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by Freestainworld(m): 8:59am On Sep 11
Northern business men no dey smile at all, that is what monopoly can cause, just allow people from all parts of the country to venture into floor business especially my brother's from the East, dangote and bua will cry later.
Re: Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by SadiqBabaSani: 8:59am On Sep 11
D man is doin his business
Re: Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by Qtrpst4: 9:04am On Sep 11
Unfortunately the man at the top who is supposed to act has ear problem
Re: Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by Decentdave(m): 9:06am On Sep 11
Every day we keep seeing HIKE on front pages.Buhaha will not kill us all
Re: Bakers Resume Fresh Battle Against BUA, Others Over Flour Price Hike by AntiBMC(m): 9:17am On Sep 11
They said importation is not good for the economy, they gave bua and Dangote monopoly... but things are ten times more expensive now than when they were importing. Is this not madness? This foolani pole keep biting more than they can chew.

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