Bakers reveal why bread prices soar high

The Premium Bread Makers Association of Nigeria, PBAN, has revealed the reasons behind the growing cost of bread in Nigeria.
The association said the majority of the ingredients used to produce bread are imported and that this has an impact on the cost of bread in Nigeria due to exchange rate volatility.
PBAN’s president, Emmanuel Onuorah, said this during an interview on Global Business Report on Tuesday monitored.
According to him, the war between Russia and Ukraine has a severe effect on bread manufacturing since Nigeria imports wheat from both of the warring European neighbours.