Nigerians should brace up to pay more for bread as bakers heed the directive of their union on the need for upward adjustment of bread prices in the country. This is as the Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members to increase prices of bread and other bakeries by 30%, citing higher raw material costs.
The National President of the Association, Mansur Umar said in a statement bakers have agreed to hike the price of bread to help them remain in business.
Umar, who read the resolutions explained: “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.
“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 also urged the Federal Government to reduce regulatory roadblocks in the sector calling for NAFDAC to be the sole regulator of bakeries.