Business

Govt urged to address challenges in confectionery business

The Chief Executive Officer, DewDrops Cakes Limited, Mrs Ezinne Okonkwo, has called on the federal and state governments to come to the aid of bakers.

Okonkwo, at a briefing in Lagos on Thursday, said many bakers were abandoning he confectionery business because of the rising cost of production.

She said, “We want the government to come to our aid; this is serious like a SOS call. Diesel price is high, a lot of bakers have left their businesses, and have gone back to their homes. We want the government to come, we don’t know how they will do it, but we need cost of these things to go down.

Use ethnic unification to solve Nigeria’s problems, scholars tell govt

“As of March, I used to spend less than N250, 000 on diesel, but now my running cost is around N1.2m to N1.5m weekly. I had to close my night shift; I no longer bake in the night because I cannot afford to run 24 hours diesel.”

Speaking about the upcoming ‘Uncut Learning’ bakers’ seminar, she said, “We need policies that will make our businesses thrive. The ‘Uncut Learning’ gives us that leverage where we discuss with the government and other stakeholders.

Okonkwo added that the event is scheduled to hold between September 5 and 7 in Lagos.

Related posts

FG urged to establish regulatory agency for solid minerals

Editor

NAN Media Week: NCC to address challenges of modern technology

Editor

National Security: NIGCOMSAT, MOMAS- EPAIL partner on communication infrastructure

Editor

Banks’ credit to govt rises by N11tn – Report

Editor

Phone, generator imports gulped $3.5bn in 2022 – Report

Editor

Experts harp on partnership for business growth

Our Reporter