Federal Government’s Plan May Drive Up Cost of Bread and other confectionery

Federal Government’s Plan May Drive Up Cost of Bread and other confectionery

Who doesn't love akara squeezed between too lumps or slices of bread, and pressed down into a naturally delectable sandwich? Well, I do! Bread is a staple food in Nigeria. While the privileged eat high quality bread with cocoa or better beverages, many labourers and factory workers fuel their bodies with low quality 'agege' bread with soft drinks. So it was a huge blow to Nigerians when increase in the price of sugar forced bread industries to suspend production for a short while a few years ago. Now, those tough times might be coming back, and in a more full force. The Federal Government of Nigeria, through the central bank has announced that sugar and wheat may soon be placed in foreign exchange restriction list. In other words, the government plans to ban the importation of wheat and sugar. Wheat and sugar are very vital components of bread, together with other confectionery like buns, chin-chin, meat pies, sausage rolls and many others....
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