Bread, a common food taken by both the rich and poor may have its prices jacked up because of the price increase in baking ingredients.
The Premium Breadmakers Association of Nigeria and the Association of Master Bakers and Caterers of Nigeria gave this warning on Thursday at a press conference in Lagos.
The President, PBAN, Tosan Jemide, complained that businesses had been comatose due to the incessant increase in the prices of baking ingredients.
He noted that in the last six months, the prices of flour, sugar and other baking ingredients had skyrocketed without a corresponding increase in the prices of bread by member bakeries.
Jemide said, “We have been busy helping them remain profitable while our businesses suffer, because we are more in tune with the purchasing power of the consumer and are deeply concerned about food security.
“PBAN and AMBCN shall no longer take seat and watch such blatant increases in prices going forward. We shall react with equal price increases or stiff resistance.”
Jemide appealed to government to intervene in the rising cost by prevailing on sellers and imploring millers to put a stop to the incessant increment of the prices of commodities.
He also called on the President, Major General Muhammadu Buhari to help the industry by talking the millers or supporting them in whatever way they could to help the manufacturers and distributors with forex.
Nigerians have been crying over crushing hardship as DSTV prices as well as fuel and petrol prices were hiked by government and now prices of bread may go up.