Access Bank

Save us! BUA Group, others are killing our Businesses, Bakers beg FG

Must read

NewsReporthttps://newsreport.com.ng
My Name is Abayomi Obatinuadeyo Ojomo am a Publisher, Cinematographer editor have been in the system in decades and am happy with the business. My focus is to give back to humanity.

Save us! BUA Group, others are killing our Businesses, Bakers beg FG

 

NewsReport June 29, 2021

NewsReport gathered that the Association of Master Bakers and Caterers of Nigeria (AMBCN), Abuja, has called on the federal government to intervene in the recent price hike of flour by BUA Group – IRS Flour Mill (owned by billionaire Abdulsamad Rabiu), Super Four Mill, and Golden Confectionery, stressing that the hike is killing their businesses and may also render many jobless if no action is taken.

In a chat with our correspondent on Monday, Kabiru Hassan Abdullahi, the national publicity secretary of the association who also doubles as its state secretary, Kano State branch, said that the price of flour was N9,500 not long ago but now it has reached N16,200.

According to Abdullahi:, “The federal government should please come to our aid. The hike is killing our businesses and it’s sad they have refused to do anything about it.

“The increment is over 50 percent and it’s even more saddening because even with the dollar exchange rate of N1 to over N500, we still bought flour at same N9,500; but why is it now that the rate has dropped that they increasing the price? This is pure wickedness.

“What Abdulsamad Rabiu of BUA Group, IRS, super and golden confectionery are doing is unhealthy for us and the Nigerian economy. In fact, they are planning to increase it again by N7, 000. Can you imagine?

“One thing they should know is that if we are scrapped out of the market, the rate of unemployment in the country will double up because many in their thousands will lose their jobs.

“We are still meeting and as things stand, we may have no choice than to embark on an indefinite strike.

Recall this medium reported that bread makers and the Gurasa Bakers Association of Kano state had threatened to embark on indefinite strike if the flour companies (BUA Group – IRS, Super Mill, and Golden Confectionery) fail to reverse the price of flour.
Gurasa is a Kano indigenous local bread made up of flour that serves as one of the delicacies used by Hausa people in the state.

Fatima Auwalu, the chairperson of the Gurasa Bakers Association had said nothing has changed since they called off the warning strike, rather, it is going up day by day, prompting them to embark on indefinite industrial action until authorities and stakeholders do the needful.

She further lamented that apart from the increase in the price of flour, the quality of the product has been reduced, saying “this has negatively impacted our business.”

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article