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Bakers in Nigeria set to increase prices of bread

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Bakers in Nigeria have decried the high cost of baking ingredients across the country and this according to the group, may push bread prices up.

The Premium Bread Makers Association of Nigeria gave this warning on Monday at a press briefing in Lagos, The Punch reports

“The challenges we face as a result of incessant increase in the prices of baking ingredients have rendered most premium bakeries comatose making us to operate at a loss,” the President of the association, Mr Jemide Tosan, stated.

The association noted that whereas the prices of flour, sugar and other baking ingredients had increased threefold in the past three years, there had been no corresponding increase in the prices of premium bread by the PBAN members.

It said between 2015 and 2018, the price of flour had increased from N6,500 to N11,500 per 50kg bag, while sugar had seen 77 per cent rise in price in the same period, with salt, margarine, yeast and preservatives had recorded 84 per cent, 67 per cent, 112 per cent, 45 per cent and 137 per cent increases, respectively.

Also, the price of diesel, which is used to power factory generators on a 24-hour basis, had gone up by 57 per cent, while the price of improvers used in enhancing the quality of bread had risen by 160 per cent during the period, the association stated, adding that conversely, the price of bread had only witnessed 11 per cent rise within the period.

“Most of us got loans with double-digit interest rates from financial institutions to fund our bakery projects and are finding it extremely difficult to meet our loan repayment obligations,” Tosan noted, adding that something had to be done to save the industry from extinction.

He said:

“Given the current situation, most premium bakeries may be forced to embark on a price increase, which will further make bread unaffordable to the common man.

“As an association, we are totally committed to ensuring that Nigerians have healthy, quality, affordable and harmless bread on their tables.

“It is in light of this that we appeal to the Federal Government to look into the issues that currently threaten the existence of the premium bakery industry in Nigeria.”

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Iyabo Ojo Finds Out Her Mum Lied About Her Age (Video)

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While still in a mourning state, actress Iyabo Ojo has revealed that she just found out her mum, Mrs Victoria olubunmi Fetuga lied about being aged 67 years.

Mrs Victoria olubunmi Fetuga was aged 67 and a three generation photo shoot was organized by Iyabo Ojo in her honor, three months ago to celebrate.

Posting an Instagram video of her late mum dancing on her last birthday, Iyabo Ojo moments ago wrote;

“O my sweet mother even in your death you made me laugh so hard this morning. I just found out from her siblings that she was 69 years old and not 67, as she always claimed.

She didn’t want us to know she was older than my late dad who would have been 68! 😀😃😅😅🤣🤣 she could have claimed his age at least but no, she wanted us to believe she was much younger hence the 2 years gap. Gosh! No wonder she never wanted any birthday party🤣

Cant wrap my head around the fact that she is gone 😭😭😭😭😭😭😭 I love you too much mama, Continue to rest on……..”

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Denrele Edun Meets His ‘New Twin’, Says “Time To Start Questioning Our Parents”

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According to the media personality, he was on a visit to Hi-Impact Planet for a TV recording when he stumbled on the young man who looks exactly like him.

Denrele who shared their photos on his social media pages revealed that he dressed the young man in his ensemble, and was able to confuse people with their looks as it was difficult to spot the difference.

In his words,

“NOTHING WEY NEBUCHADNEZZER NO GO SEE INSIDE FIRE! Wahala dey for who no resemble DENRELE WEREY o!

Ran into my *supposed TWIN* at the @hiimpactplanetng when I was hosted a few weeks back for a TV Recording.
Dressed him up in my ensemble, save for the Heels (I no wan hear story; Nothing wey I no go see for another pickin parent hand) and we had a blast confusing people all around the complex!

Time to start Questioning our parents! Since I’m the German-Indian DENRELE, my new Twin will be the Sango-Agbado-ijaiye DENRELE! What do you think of the Resemblance? Flood Me… I am your Comment Section!”

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‘God Bless U’- Davido reacts after artist shared a wonderful painting of him

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David Adedeji Adeleke (born November 21, 1992), better known as Davido has received massive love from a fan who decided to give him his birthday gift with a beautiful painting.

The fan took to social media to share the wonderful photo of the piece he had designed for Davido.

He tagged Davido and wrote:

Happy Birthday King @Davido Please Help Me Retweet And Tag Him So That He Can See This Street Art I Did Of Him #HappyBirthdayDavido Happy Birthday OBO Papa ifeanyi Big 28 King David World OBO Day

Davido reacted to the painting and thanked him.

He wrote:

God bless u

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