No fewer than 40 bakeries have closed shop in the Federal Capital Territory (FCT), over the cost of production and multiple taxation and hike in electricity tariffs, among others.
The News Agency of Nigeria (NAN) reports that some of the bakeries visited were not opened for business due to operational costs and multiple taxations by some government agencies.
Truthlive.net learnt from a report by NAN that some of the bakeries that have closed shop are Abumme bakery Ltd. Lugbe, Airports road, Hamdala Bakery, Kuje, Harmony Bite Bakery, Karu, Doweey Delight Bakery Ltd, Kubwa.
An Abuja baker, Mr Nuhu Musa of Hamdala Bakery, Kuje, FCT appealed to the government to regulate the activities of agencies to reduce the different taxes they imposed on bakers.
Musa said many bakeries were struggling to survive due to the high cost of production.
“We want the government to regulate these agencies so that our production process will be easy.
“These taxations are negatively impacting our business to the extent that many of us have closed down.