In a development that may soon hit the pockets of millions of Nigerians, the cost of bread is expected to surge in the coming weeks. Nigerian Stories, through its official X (formerly Twitter) handle, broke the news, revealing that bakers across the country have voiced their concerns about the relentless pressure of inflation on their operations.
According to the bakers, the skyrocketing costs of essential ingredients, such as flour, sugar, and yeast, coupled with the rising price of fuel, have made it nearly impossible to maintain current prices. Many are already struggling to keep their businesses afloat, and as a result, they have no choice but to pass on these increases to consumers.
“We are at a breaking point,” one baker lamented, citing the increasing burden of electricity bills, transportation costs, and the weakening naira as factors that have significantly driven up production expenses. “If the cost of raw materials keeps rising at this rate, bread will soon become a luxury for many families,” they warned.
This news comes at a time when Nigerians are already grappling with the impact of inflation on daily living, as prices of basic commodities continue to soar. For many, bread is a staple food, and a price increase could exacerbate food insecurity across the country.
As consumers brace for higher prices, the call for government intervention has grown louder. Bakers are urging the authorities to take immediate action to stabilize the economy and offer relief to both producers and consumers alike.
With inflation showing no signs of abating, this price hike could be the first of many, making bread just another casualty in the ongoing economic struggle gripping the nation.
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