Recall that last week, Kolawole Adelogun, the Chairman of the Master Bakers Association, Rivers State chapter said that the price of bread will most likely increase across the state due to the high cost of raw materials used for baking.
A survey carried out on Wednesday showed there has been an increase of N50 on the price of bread that was N500 and N250. Also, bread that used to cost N100 is now N150 and the cheapest bread of N50 is now N60.
A wholesale buyer and retailer of bread said that although the price of bread has increased, he does not feel that his customers will stop patronizing him because a lot of people eat bread.
“Indeed the price of bread has increased from the bakery and in return, we have to increase our own prices to make our gain. I believe that this increase in price has been due for a very long time because the expenses incurred in baking bread is quite on the high side. I feel that my customers will still patronize me because bread is something that a lot of people consume and moreover, the price is not on the high side”.
Some consumers who bought bread around the late hours of yesterday confirmed the change in price to our correspondent. A woman who did not seem happy about the change told City News that she did not feel it was necessary.
“I sent my son to buy bread yesterday and he came back to tell me that the bread we usually buy for N250 is now N300. Why will they increase the price of bread now? That N50 extra is what we would have used to buy an extra sachet of milk. Everything just seems to be on the high side in this country. First, it was fuel, now it is bread. I am tired”.
Kelechi, a student residing around Choba said he has no choice but to keep buying bread because he is a bread lover.
“I just heard the news this morning when I went out to buy bread. I do not like the fact that the price has increased but I have no choice but to buy bread because it is what I eat every day for breakfast and besides, I am a Nigerian. We can adjust to any situation”.