Posted by Amarachi on Thu 15th Feb, 2024 - tori.ng
He also mentioned that a 50kg bag of sugar is now being sold for N80, 000.
Ishaq Abdulraheem, the Chairman of the Master Bakers and Caterers of Nigeria, has lamented about the hike in the prices of baking ingredients.
In an interview with Arise TV, Ishaq said a bag of flour that was hitherto sold for less than N9000 is now being sold for N45, 000. He also mentioned that a 50kg bag of sugar is now being sold for N80, 000.
In his words;
‘’The need for us to down tools by the 27th of this month is simply because of inflation, things are getting out of control. The prices of our commodities are getting higher and higher everyday. Infact, if you go to the market today, tomorrow when you go to the market, it is a different story. Today, a bag of flour that we were buying less than N9, 000 is getting to N45, 000, a 50kg bag of sugar that was for N19, 500 is ow being sold at N80, 000. Margarine used to be N12, 000 or N13, 000, today it is N25, 000.
The preservative we use used to be N30, 000, today it is N55000 to N60000 depending on the brand. So we downing tools is becoming necessary because the millers are not helping hus, government is not helping us, we are stranded''
Watch a video of him speaking below;