Over 50% Increment in price of flour by BUA Group, pure wickedness – master bakers

By Ezurike Ugochukwu

The Association of Master Bakers and Caterers of Nigeria (AMBCN), Abuja, has cried out to the federal government to intervene in the recent price hike of flour by BUA Group – IRS Flour Mills, Super Flour Mill and Golden Confectionery as pure wickedness.

AMBCN said that such over 50 per cent hike at this time was killing their businesses and may also render many jobless if no action is taken.

Speaking on Monday, the National Publicity Secretary of the association Kabiru Hassan Abdullahi, said that the price of flour was N9,500 not long ago but now it has reached N16,200.

Abdullahi, who is also the AMBCN Kano State branch secretary stated, “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 per cent 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 Flour Mills 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 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,” he said.