Prices of bread, biscuits to increase by 30%
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 per cent.
A statement released by its National President, Mansur Umar, after a National Executive Council meeting in Abuja, the association explained the adjustment in price was 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 skyrocketing 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 per cent.”
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.