• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Bakers want access to foreign exchange

Bakers

The Matters Press by The Matters Press
February 12, 2022
Reading Time: 2 mins read
0
Bakers want access to foreign exchange

Mr Adedayo Taiwo, Chairman, Association of Master Bakers and Caterers of Nigeria (AMBCN) Plateau chapter, has appealed to the federal government to support Nigerian flour millers by making foreign exchange available to them.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Taiwo made the appeal on Friday in Jos, at a stakeholders meeting organised by the Standards Organisation of Nigeria (SON)Plateau State, in collaboration with the Bank of Industry and AMBCN.

According to him, subjecting flour millers to sourcing for foreign exchange in the parallel market for importing essential raw materials would lead to a continuous rise in the price of flour .

The Chairman called on government at all levels to encourage the local production of the essential items that are imported such as wheat and sugar.

He also called on the flour millers to have a wheat farm were the can grow enormous wheat for the production of their own flour rather than importing wheat.

Taiwo noted that the act would help boost the Internally Generated Revenue of the country and create employments for the teeming youths of the nation.

The chairman further suggested the reduction in the cost of items used for baking, stressing that the high cost of items purchased for baking is directly proportional of items has in turn led to the high cost in production.

He said the high cost of production has also led to the high cost of the various commodities produced by the bakers.

Earlier, Mr Gambo Dimka, the State Coordinator, (SON) Jos, said the essence of the stakeholders meeting was to find out the challenges of bakeries in the state and come up with realistic solutions that could revamp the sector.

According to him, the baking industry is experiencing a tremendous setback due to high inflation in the country resulting in the high cost of production.

Similarly, Mrs Abishak Woshak, Plateau State office manager BOI, said that the BOI had different windows in which bakers can benefit from.

She however lamented that some bakers, who have benefitted from the bank’s loan had failed to pay back the money.

Tags: Bakers
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

CBN release N2bn intervention fund to Rivers state

Vulnerable Nigerian farmers to get $1m grant

Association trains, empowers wheat farmers

Recommended Stories

Group bemoans level of crude oil theft

NEC constitutes committees on crude oil theft, economic affairs

December 22, 2023
Covid-19 causes GDP’s contraction

Nigeria mulls more polices to spur industrialisation

May 4, 2024
SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON reassures stakeholders of industrial growth, consumer safety

November 29, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us