deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

Bakers threaten shutdown as diesel price soars

user
user

Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past few days.

The association said the continued rise in the price of diesel had made the price of the commodity to be doubled, warning that a total shutdown of operations by break-makers was imminent.

The PBAN President, Emmanuel Onuorah, made the declaration during an interview with our correspondent.

He explained that the diesel prices hikes were taking a serious toll on bread production for its members.

As a result, he called on the Federal Government to urgently accelerate efforts towards tackling the problem to avoid a shutdown of operations by its members.

He said, “This country may collapse on everybody. Industries will shut down operations, and all of us will go down. Imagine the price of diesel going towards N850/litre. Remember, I said wheat is not the problem, and that it is energy that will be the major problem in this Russian-Ukraine war. Almost N850 for a litre of diesel, and they are still increasing it every day.”

“Is it that marketers just brought in this product and this is why they are increasing the price by the day? Our businesses will just begin to shut down one after the other. That’s what I’m contemplating doing now. I will shut down all the bakeries. Diesel is what we use in running our generators, diesel is what we use in running our oven. What we were buying N350 is now about N850 in less than a week.”

Rising prices of crude oil since the Russia-Ukraine war began, coupled with exchange rate instability in Nigeria, among others, had pushed up the prices of refined petroleum products across the country.

However, the price of diesel, which had experienced a near 100 per cent uptick in its price on Tuesday, has continued its upward spike.

The development had made the Manufacturers Association of Nigeria predict hyperinflation in the economy, warned the Federal Government to take vital steps to arrest the situation.

Asked what the implication would portend for the industry if the upward spiral of diesel price continues, Onuorah said the ripple effects would have a major effect on industries across the globe, particularly in Nigeria where there is yet to be laid down measures to cushion the negative consequences of the crude oil hike.

“It’s going to be a major problem. It’s going to have a major ripple effect on industries in Europe and everywhere, and Nigeria’s own will be worse because we don’t have any buffer. We don’t have any fall-back position.”


Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor

grandpashabet
grandpashabet
Meritking
Meritking
marsbahis giriş
betcio
Hair Transplant istanbul
da pa kontrolü
betcio giriş
casibom
replika saat
eskişehir temizlik
sms onay
ankara nakliyat
ordu nakliyat
Vozol Puff
iqos terea
NORA
creative
Marketing
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
betgit giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
gebze escort
ligobet girişfixbet girişSahabetligobet girişfixbet girişSahabet
?>

grandpashabet
grandpashabet
Meritking
Meritking
marsbahis giriş
betcio
Hair Transplant istanbul
da pa kontrolü
betcio giriş
casibom
replika saat
eskişehir temizlik
sms onay
ankara nakliyat
ordu nakliyat
Vozol Puff
iqos terea
NORA
creative
Marketing
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
betgit giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
gebze escort
ligobet girişfixbet girişSahabetligobet girişfixbet girişSahabet
Hacklinkbetsat
betsat
betsat
holiganbet
holiganbet
holiganbet
Jojobet giriş
Jojobet giriş
Jojobet giriş
casibom giriş
casibom giriş
casibom giriş
xbet
xbet
xbet
grandpashabet
grandpashabet
grandpashabet
tuzla evden eve nakliyat
İzmir psikoloji
creative news
Digital marketing
radio kalasin
radinongkhai
gebze escort
grandpashabet
grandpashabet
betcio
betcio giriş
casibom giriş
jojobet
ümraniye çekici
marsbahis
beylikdüzü escort
betcio
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu siteleri
deneme bonusu veren siteler
instagram followers buy
jojobet giriş
casinolevant
hasbet giriş