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Crude oil prices drop below $50 a barrel
At the end of the action, the price of bread is likely to rise 25 percent, the Association of Master Bakers and Caterers said.
The strike would run from May 5 to May 12, the Lagos Guardian reported. Chief Bayo Folarin, the head of the association, told the newspaper that bakers in Lagos have already stopped producing bread.
Bread prices have risen in the country about 25 percent a year for the past three years. Folarin said bakers plan to petition the government to keep flour prices down.
"Besides, we are pleading with the government to look into he plight of bakers to prevent the collapse of the industry," he said.
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