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Nigerian manufacturers battling stunted growth blame forex scarcity

Nigerian manufacturers battling stunted growth blame forex scarcity
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can t find the dollars to import raw materials.
7 min read
Defying the intensity of the afternoon sun, Kazeem Ariyo walked briskly out of the premises of his bakery with palpable anger. He had just been informed that one of his retail vendors rejected hundreds of loaves of bread supply because the retail price offered was not “profitable”.
Mr Ariyo, 45, is a baker operating from the Ajah axis of Lagos. In recent times, however, he has had tough times convincing his wholesale and retail vendors about the rising prices of baking materials. ....

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Bakers mull strike over high price of ingredients

Bakers mull strike over high price of ingredients
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

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Feeding ambitions: Honeywell Flour Mills' Baking School

Feeding ambitions: Honeywell Flour Mills' Baking School
pulse.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.ng Daily Mail and Mail on Sunday newspapers.

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Nigerians groan as prices of bread soar

This is coming for the second time in one year. The first price review was done last year in the wake of the COVID-19 pandemic, which disrupted economic activities.
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Though the development has been attributed to incessant increases in prices of baking materials, which has made it difficult for the bakers to break even, there are fears that the new development will further aggravate the hardship in the country, especially for lovers of bread.

According to reports, due to the skyrocketing price of foodstuffs, especially rice, yam, beans, garri and other staple foods, the majority of Nigerians have found solace in bread, which is not only a cheaper alternative but can be consumed any time. ....

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Bakers to increase price of bread in Kano State

By Zubairu Idris Kano, June 25, 2021 The Association of Master Bakers and Caterers of Nigeria, Kano State Chapter, said it will increase price of bread, following an increase in the price of flour. The Secretary of the Association, Alhaji Kabiru Hassan, who made the announcement on Friday in Kano, said the decision was ....

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