‘Flour Millers Are Ruthless With Price’-Bakery Association Explains Why Bread Is Expensive

The Premium Bread Makers Association of Nigeria (PBAN) has explained why the cost of bread which sustains the average Nigerian family has risen by about 40 per cent in one year.

On Tuesday, the National Bureau of Statistics released a report showing that the average price of 500g of bread rose from N488.1 in August 2022 to N684.8 in August 2023, which is 40.3 per cent rise.