Association of Master Bakers and Caterers of Nigeria (AMBCN) says a 50 per cent increase in retail prices of bread and other finished baked items is inevitable. The leadership of the association disclosed in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos. Mr Raji Omotunde, Lagos State chapter Chairman of AMBCN attributed the proposed increase in price to the inflated prices experienced in the purchase of baking ingredients. Omotunde said that several engagements with flour millers revealed constraints with access to foreign exchange to procure…
Read MoreExpect 50 percent increase in prices of bread, bakers warn Nigerians
