Taxes: Bread producers set to shutdown operation 

Bakers Association of Nigeria has threatened to shut down production of bread if their demands are not met within in two weeks.

Briefing newsmen in Owerri the Imo State capital at the weekend, the State Chairman of the association, Chief Osmond Nkoma on behalf of the National body said this has become necessary following several appeals to the Federal Government to help in bringing down the cost of bread production.

The bakers further listed their demands to include: liberalization of flour and sugar importation, reduction of import duties on major baking materials.

“Provision of concessionary forecast exchange of flour millers, reduction of Tariff on Imported wheat and Sugar and seek of tax holidays, “the bakers demanded.

Already, Nkoma regretted that these have been the reason for the increment of the commodity in recent times in the country.