The Premium Breadmakers Association of Nigeria (PBAN) has, again raised concerns over rising cost baking materials in Nigeria.
The group has also hinted on an imminent price increase following the increasing cost of materials.
The bakers are also lamenting lack of access to foreign exchange which, according to them, is crippling the baking industry in addition to high levy on raw materials importation of bread production.
The national president of PBAN, Emmanuel Onuorah, who stated in Lagos during a courtesy visit to stakeholders in the baking industry also identified limited prospects for ease of doing business as another key impediment for the baking sector in the country.
He called on the federal government to make favourable and implementable economic policies that would encourage and promote baking in the country.
According to him, it is high time the federal government through a deliberate policy suspended levies placed on wheat and other baking products to encourage investors’ survival in the industry.
Speaking at Lesaffre Africa BA Nigeria Distribution Ltd, Ajah, Lagos, Engr. Onuorah also bemoaned lack of foreign exchange on raw materials by Nigerian banks to manufacturers.
The PBAN president enjoined the French company to establish their production factory in Nigeria rather than importing raw materials from overseas.
