The Association of Master Bakers and Caterers of Nigeria (AMBCN), has directed its members across the country to increase prices of bread, biscuits and other items by 30 per cent.
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The association said the increment is due to devastating economic situation of the country.
AMBCN explained that the adjustment in price is as a result of the sudden increase in the costs of production, as well as prices of sugar, butter, yeast and flour.
The National Executive Council (NEC) of the association gave the directive as part of the resolution reached at the end of its meeting in Abuja on Wednesday.
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Mansur Umar, National President of the association, who disclosed the resolution, said:
“After considering the impact of the skyrocketed 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 percent.”
Umar 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.
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Also, the association frowned at the incessant increase in the price of flour, lamenting that it has forced some its members to close their businesses.
“The incessant increase of prices of flour and other baking materials is responsible for the decision.
“In the last six months, one truck of flour that we used to buy at less than N6m is now N9m,” the association added.