Inflation: Bakers Threaten Shutdown In 2 Weeks

Citing the rising costs of production, the Bakers Association of Nigeria has threatened to shut down the production of bread if their demands were not met within two weeks.

The Imo State chairman of the association, Chief Osmond Nkoma, on behalf of the national body, told newsmen in Owerri, the state capital that the strike had become necessary following failed repeated appeals to the federal government to help reduce the cost of baking bread.

Some of their demands include the liberalisation of flour and sugar importation, reduction of import duties on major baking materials.

He said, “We want provision of concessionary forecast exchange of flour millers, reduction of tariff on imported wheat, sugar, and tax holidays.”

Nkoma regretted that those were the reasons behind the increment in the price of the commodity in recent times in the country.

According to him, the shutdown was imminent as bakers could no longer cope with rising costs of production.