Business
Bread Production: Bakers Demand Price Reduction On Flour And Other Ingredients
Bakers have called for a reduction in flour prices and urgent government intervention to address skyrocketing costs affecting their operations.
The Association of Master Bakers and Caterers of Nigeria has called on the Federal Government to intervene on the incessant increase in the prices of flour despite recent approval of duty-free importation waiver on wheat and maize.
The association therefore called on government to probe the activities of Flour Milling Association of Nigeria and sugar producers for causing the increases in the prices of bread.
The Chairman of the Association in Lagos State, Chief Matthew Ayoola and General Secretary, Abraham Alabi, who raised the observations during a press conference, proposed a reduction in the prices of wheat, flour and other ingredients used by bakers for smooth operation.
The event had as its theme, “Call For The Federal Government’s Urgent Intervention On The Incessant Increase Of Flour Prices Despite Recent Approval Of Duty-Free Importation Waiver On Wheat, Maize, Others.”
The text reads, “The record holds that Master Bakers and Caterers in Nigeria are the second largest employer of labour in Nigeria. This means that bakers’ shutdown of bakeries might pollute the society
“We sincerely appreciate the federal government of Nigeria upon the approval of a 150-day duty-free window to allow the importation of wheat, maize, and husked brown rice as part of measures to combat rising food inflation across the country effective August 1, 2024. However, the Nigeria Millers are yet to implement this on the price of their commodities.
“We are using this medium to call on the Federal Government to intervene in the operations of the Flour Milling Association of Nigeria (FMAN) as they are a major factor causing incessant increases in the price of wheat which falls to the high price of buying bread. It seems they intend to siphon money and milk the majority of Nigerians to live in abject poverty. Their current incessant increase of flour and sugar prices despite Government actions to ameliorate the cost of food items is a sabotage to the economy. The millers are taking advantage of government assistance to enrich themselves and make the good citizens starve.
“It’s imperative to note that in July the Federal Government of Nigeria announced the approval of a 150-day duty-free window to allow the importation of wheat, maize, and husked brown rice as part of measures to alleviate rising food inflation across the country. The government’s notable action should be to help bring down the prices of food items in the market, making some food items more accessible and affordable for the masses.
“However, our findings revealed some Millers chose to sell wheat to neighboring countries and some of them chose to ignore this waiver and instead continue to inflate the price of flour on a daily basis. This action has not only disregarded the Federal Government’s efforts to alleviate the suffering of Nigerians but also a severe blow to our industry. It’s a way of robbing innocent Nigerians. The millers did not consider our call for price reduction but rather advised us to inflate the price of bread more to inflict pain on the common man, which is an inhumane action to take.
“This constant increase in the price of flour by millers has made it impossible for Bakeries to operate and function smoothly which has also led to the shutdown of many bakeries and their staff being laid off. Lives are at stake when basic needs are scarce. Nigerians complain on a daily basis due to a lack of basic needs for survival and bread is one of them. The flour Millers are mounting pressure on human beings unnecessarily. Today, the price of flour has increased by 67,000 naira as against the last ten years’ price of 8,000.
“As flour is experiencing an increase so also are sugar, yeast, wheat, butter, nylon, and other ingredients needed, in fact, everything we use for production has increased. All the millers have declined our proposal for reduction of the cost of flour.
“We therefore call on the Federal Government to investigate the activities of the millers and sugar producers assess them and force them to do the needful because it seems they are more focused on making exorbitant and excess profits while they put the country at risk and chaos.
We appeal to the Ministry of Industry, trade, and Investment for urgent intervention in this matter.
“The smooth operations of bakers across the country are at risk due to the unjust practices of millers. Bakers need help to assist the masses cushion the effect of hunger in the land. Everything keeps increasing except workers’ income. Bread is common to Nigerians. It has an impact on both bakers and purchasers and there is a need for reduction of flour, wheat, and other materials. The inflating cost of bread saddens our hearts unfortunately the millers’ actions pose a greater challenge to us. For the public to experience adequate reduction of food items, the price of wheat must be reduced.
“Wheat is typically milled into flour which is then used to make a wide range of foods including bread, crumpets, muffins, noodles, pasta, biscuits, cakes, pastries, cereal bars, sweet and savory snack foods, crackers, crisp bread, sauces and confectionery (e.g. licorice).
“We request the Federal government to enforce the implementation of the waiver from the point of importation to the consumers for proper monitoring. The government should meet with the Millers on possible solutions to curb the incessant increase in the cost of flour and wheat. There should be a reduction in prices of wheat, flour, and other ingredients bakers use for smooth operations.
“We propose a reduced price range of between N30,000 and N40,000 per bag. To avoid a shutdown of bakers, the government’s 150-day duty-free window should reflect on the prices at which bakers purchase production commodities which would automatically reflect on the price at which Nigerians purchase breads and other consumables.
“We also demand a surplus in the distribution/accessibility of commodities to bakers. We also urged the Federal Government to take decisive actions to ensure that the waivers on wheat importations are enforced and that the millers comply with the intended purpose of reducing the cost of flour and wheat. The Federal government waiver should reflect the cost of food items bought.”
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Business
NNPC Slashes Petrol Price
The Nigerian National Petroleum Company Limited (NNPC) has reduced petrol prices at its retail stations in Lagos, Abuja, and other states by at least N20 per litre.
Current pump prices now range between N895 and N965.
In Lagos, the price dropped from N910 to N890 per litre, while in Abuja, it moved down from N940 to N920 per litre.
Other stations, including Ardova, MRS, and First Royal, are now selling petrol at N890 per litre.
Across the country, new pump prices for major states are as follows: Abuja N920, Lagos N890, Abia N912, Adamawa N940, Akwa Ibom N910, Anambra N905, Bauchi N915, Bayelsa N900, Benue N935, Borno N945, Cross River N910, Delta N900, Ebonyi N928, Edo N910, Enugu N912, Gombe N965, Imo N928, Kaduna N935, Kano N935, Kwara N905, Nassarawa N935, Niger N955, Ogun N905, Ondo N905, Osun N895, Oyo N905, Plateau N900, Rivers N895, Sokoto N935, Taraba N950, Yobe N950, and Zamfara N945.
Depot prices have also been adjusted following the arrival of fresh petrol shipments.
In Lagos, depots such as Wosbab, Chipet, Integrated, and Bovas now sell at N836 per litre, with Aiteo charging N835. Port Harcourt depots including Masters, Liquid Bulk, and Bulk Strategic reduced rates to N853, while Warri depots adjusted prices between N846 and N848.
Calabar depots also lowered costs, with rates ranging from N846 to N849 per litre.
The reduction comes after Dangote Refinery lowered its gantry price to N840 per litre.
Diesel prices also fell, dropping from N950 to N910 per litre.
Business
Egbu Community That Powers South East Battles Months Of Darkness
Egbu community in Owerri North Local Government Area of Imo State has endured months of crippling electricity outages, even as it hosts a Transmission Company of Nigeria (TCN) facility supplying and distributing power to the entire South-East.
Residents describe the situation as cruelly ironic: while electricity flows from their town to cities across five states, Egbu itself receives barely two hours of power daily.
The blackout has intensified amid a standoff between the Imo State government and the Enugu Electricity Distribution Company (EEDC) over the proposed Orashi Electricity Distribution Company.
Governor Hope Uzodimma announced at the recent Imo Economic Summit that Orashi Electricity Distribution Company would commence operations in December, promising improved supply and stability across the state.

Before this announcement, the Imo State government accused EEDC of deliberately shutting down power in retaliation for the creation of the new distribution company. Commissioner for Information and Strategy, Declan Emelumba, insisted the state’s intervention aims solely to improve electricity delivery and protect residents.
EEDC, through its Head of Communications, Emeka Eze, denied the claim, asserting the company has no intention to disrupt supply. It also noted that agents of the state government had previously interfered with its Egbu transmission facility, disrupting operations.
Caught in the crossfire, Egbu remains the worst affected, with prolonged blackouts crippling businesses and daily life. Residents say the 11KV Egbu feeder, which supplies electricity locally, has been in poor condition for years, severely limiting power availability.
Augustine Njoku, a youth leader in Mpana area, said, “That 11KV feeder has been bad for years. EEDC refuses to fix it, and that is why we are in darkness.”
Small businesses are struggling. Uche Onwuka, who runs a football viewing centre at Ishiuzor village, said unreliable power has driven away customers. “I spend everything on petrol; there’s no profit left,” he lamented.
Restaurant owner, Ms Augusta Igwe added, “Running my generator eats up all my profit. How could two hours of electricity supply improve my business. This is unacceptable. I can no longer cope.”
Am Electronics trader, Gibson Amuneke said he was forced to close his shop: “There is no business without electricity.. This is very insensitive. When you go to other parts of the State, there is reasonable power supply but here in Egbu, which hosts the Transmission. station, we hardly get supply”
Residents also complain of high estimated electricity bills despite scant supply, describing it as unfair for a community that hosts a major national power installation.
Efforts to reach EEDC officials about the 11KV feeder and residents’ claims went unanswered. With Orashi Electricity Distribution Company set to begin operations in December and the EEDC-Imo standoff unresolved, Egbu residents remain trapped in darkness, questioning how a community that powers the South-East can be left in such neglect.
Business
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.
Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.
He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.
During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.
While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.
Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.
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