Business
Bakers Task FG On Cost Of Bread Production

Bakers in Nigeria have appealed to the Federal Government to urgently intervene in the rising cost of bread production just as they ruled out going on strike.
Speaking to newsmen in Ibadan on Sunday, Chief Bayo Folarin, the National President of the Association of Master Bakers of Nigeria (AMBCN) said that the situation might soon send the commodity into extinction.
“May be in the nearest future, loaves of bread may go off the streets of Nigeria if the cost of its production continues to rise unabated,” he said.
Folarin, who doubles as the Chairman, Board of Trustees (BOT) of the association, said that government needed to intervene fast in stemming the current slide in the exchange rate of the naira.
He said that move was necessary because all the raw materials for baking, except firewood were imported.
”The Baking Industry in Nigeria is adversely affected by the current crash of the naira in relation with the U.S. dollar and this has made the venture unprofitable to members of the association.
“We are, therefore, appealing to the Federal Government to intervene in the fortunes of the naira against the dollars so that the exchange rate can be favourable to bakers,” he said.
According to him, the price of these raw materials, which include wheat flour, sugar, salt, margarine, edible oil and yeast, are soaring at an astronomical rate.
“For instance, as at December 2015, a bag of flour which was N6,500 now goes for N10, 500.
“Also, a bag of sugar, which sold for N10, 500 in January is now N15, 000 in the South West, while it is being sold for N17, 000 in the East and the North.
“Ditto, a carton of yeast formerly sold for N11, 000 now goes for N16, 000,” he said.
The ABMCN boss expressed worries over the development, adding that the association’s appeal to millers and those involved in the trade had yielded no result.
He said that they had hinged their being adamant on the increased prices of production materials.
The number one baker in Nigeria, who ruled out the possibility of his members going on strike, said that “they will go on strike as employers’’, stressing that a stop in production would render workers jobless.
He, however, appealed to the business mogul, Alhaji Aliko Dangote, to allow bakers access direct buying of salt and sugar by crashing the prices.
“He has done it before and he can still do it,” he said.
Folarin, who lamented the development, said, “We don’t want to embark on a strike because we are employers, but we can withdraw our services if things don’t change for the better.”
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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