Bakers Issue Notice to Suspend Production from February 27 over Rising Prices of Baking Products
The Association of Master Bakers and Caterers of Nigeria has issued a February 27, 2024 notice for the stoppage of production by its members.
Kogi state chairman of the association, Chief Adeniyi Gabriel, said the national; President, Alhaji Mansur Umar had already issued the production stoppage notice.
Gabriel, addressing a news conference in Lokoja, blamed the decision on various reasons, including a sudden rise in prices of baking material and diesel, due to the petrol subsidy removal and multiple taxation.
The association demands concessionary foreign exchange rates for the importation of baking material.
A statement from the National President of AMBCON, Alhaji Mansur Umar, read on his behalf by the Kogi State Chairman of the association, Chief Gabriel Adeniyi, on Tuesday, noted that the decision to withdraw its services was due to the multifarious increase in the prices of baking materials such as flour, sugar, yeast, vegetable oil, petrol, diesel all occasioned by subsidy removal and forex deregulation.
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The association said that multiple taxations from several federal, state, and local government agencies fees and levies, and hikes in business activities in Nigeria are also some of the reasons for the impending strike action.
The statement partly read, The Association of Master Bakers and Caterers of Nigeria have critically accessed the state of our business operation, consequently demand the liberalization of flour and sugar importation, reduction or total removal of import duties on major baking materials such as flour, sugar, butter, yeast etc as applicable to other commodities as have recently been done by the federal government and Provision of concessionary forex exchange to flour millers and other stakeholders as well as reduction of tariff on imported wheat and sugar.
Other demands outlined by the association include the development of cultivation and processing of wheat and sugar cane in Nigeria, and the removal of multiple taxations at all government levels.
The association also called for the setting up of a price control and monitoring committee as allowed by the constitution as amended and other conditions that will enhance the ease of doing business in the country.
