Nigerians To Pay More As Bakers Hike Bread Price Again By 20%

Nigerian bakers have decided to hike the price of bread again by 20 percent amid surging production costs.

Last week, bakers, under the aegis of the Premium Breadmakers Association of Nigeria (PBAN), embarked on a four-day warning strike to demand government intervention regarding the prices of materials used in bread production.

On Monday, Bakers in Cross Rivers said they would increase prices and reduce production quantities amid the high cost of ingredients.

Thomas Odey, leader of the Master Bakers group, said in an interview with NAN.

Odey said the Cross River master bakers did not join the national body in their two weeks withdrawal of service.

“The planned increment is not even enough, this is because the price of every means of production has increased from condiments to diesel and all other raw materials,” Odey said.

-The Cable