Nigerian Bakeries Shut Down Due to Rising Costs
International News
March 11, 2024
Rising operational expenses have led to the closure of numerous bakeries across Nigeria, signalling a challenging time for the industry. Ishak Abdulrahim, a bakery owner, cites soaring costs of ingredients, utilities, and transportation as key factors contributing to this unfortunate trend. With profit margins shrinking and overheads escalating, many bakery businesses are finding it increasingly unsustainable to continue operations.