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Funny But Saddening: Bread Prices Set To Increase In Nigeria

The premium Bread Makers Association of Nigeria have lamented the high cost of baking ingredients, warns  that it may lead to increase in bread Prices.

The Association made this warning public on Monday at a press briefing in Lagos.

 The Association noted that between 2015 and 2018, the price of flour, sugar, salt, magazine, yeast have recorded increase in price.

Furthermore, The Association said that most of its members got loan with high interest rates from financial institutions to fund their bakery activities but find it difficult to meet loan repayment demand, adding that positive step had to be taken to resurrect the industry from ruin.

The Association then appealed to the federal government to look into the issues threatening the existence of bakery industry in Nigeria.