The shut down of operations was earlier scheduled for Wednesday, July 13 and later extended to the new date to allow a hitch-free Sallah celebration
The President Premium Bread-makers Association of Nigeria (PBAN), Emmanuel Onuorah in a press statement Wednesday said if no intervention from the government , the Operators shall extend the duration of the withdrawal.
The Bakers association are saying that the price of a 50kg bag of flour, a major material for baking, has risen from N15,000 to N29,000 depending on the brand, while a 50kg bag of sugar is now N30,000 as against N18,000 sold a year ago. Bread makers and caterers said the soaring costs of production materials have pushed many out of business.
Onuorah added that Bakeries are mostly running on huge losses and this is no longer sustainable.
The operators are also Requesting the Federal Government to stop charging 15% Wheat development levy on wheat import and NAFDAC to review downwards the N154,000 penalty charged bakeries on late renewal of certificates.
They want government to grant members access to grants and soft loans and stoppage of multi – agencies regulation of the bread making industry.