Bakers under the aegis of the Premium Beadmakers Association of Nigeria have announced plans to halt production of their products, effective Today.
According to a statement signed by the President of the association, Emmanuel Onuorah, operating a bakery in Nigeria has become almost impossible as the incessant increases in the prices of baking materials and diesel have affected the industry negatively.
Onuorah said bakeries were running in losses and the situation was no longer sustainable.
According to him, bread is a staple food and one of the cheapest ‘grab and go’ food that is available for both the poor and the rich.