Atiku says nearly 40% of bread makers have shut down under Tinubu

Former Vice-President Atiku Abubakar has accused the Tinubu administration of pushing Nigeria's baking industry to the brink.
What he said
In a statement released in Bauchi on Saturday, 14 November 2026, by Phrank Shaibu, director of strategic communication for his campaign, Atiku said the Premium Breadmakers Association of Nigeria had lost close to 40 per cent of its members in two years. He was in the state as part of what his campaign calls its 'affordable life' tour.
Rising costs
According to the statement, energy accounts for roughly half of most bakeries' production costs. It said one operator's monthly diesel bill had risen from ₦9 million to ₦19 million, and that switching to alternative power could cost a small bakery ₦40 million to ₦50 million, money most cannot raise. The statement blamed high energy prices and expensive financing for the closures.
Bakers confirm
The Premium Breadmakers Association of Nigeria itself said at an exhibition in Lagos that about 40 per cent of its members had shut down in the past two years because of rising energy costs, expensive loans and economic conditions. Its president, Emmanuel Onuorah, called on the federal government to provide grants and single-digit interest loans to businesses in the real sector, warning that more closures could threaten jobs.
Background
Atiku, the presidential candidate of the African Democratic Congress (ADC), has made the cost of living a central theme of his campaign. The government says its reforms, including the removal of fuel subsidy, were necessary to stabilise the economy and free up money for infrastructure. The Presidency had not responded to the statement at the time of writing. The presidential election is scheduled for 16 January 2027.
- Atiku says nearly 40% of bakers have closed.
- He blamed energy and financing costs.
- The Presidency has not responded.
