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Economic woes deepen as Bakers hike Bread, Biscuits prices by 30%

Consumers to pay more as bakers increase prices of bread, biscuits by 30%

Bakers hike bread, biscuits prices by 30% nationwide

Economic woes deepen as bakers hike bread, biscuits prices by 30%

At the National Executive Council (NEC) meeting of the association held in Abuja recently, members lamented the cost of production and reached the resolution of raising prices. The national president of AMBCN, Mansur Umar, said the price adjustment was as a result of the sudden increase in the cost of production as well as prices of sugar, butter, yeast and flour. While commending the federal government for resuscitating the cassava flour programme, the association bemoaned the skyrocketing price of regular flour in the last six months with one truck of flour which cost less than N6 million is now N9m.

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