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Nairaland Forum / Nairaland / General / Politics / U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey (707 Views)
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U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by NwaNimo1(m): 9:19pm On Apr 12, 2022 |
Twitter founder Jack Dorsey says the effects of the U.S. dollar inflation is being negatively felt by Nigeria and other developing countries. On Tuesday, Mr Dorsey made his comments in response to the White House, saying it expects a hike in its inflation and to the United States printing its currency over the past years. “You don’t understand the power of the dollar and our single export. Ask someone in Nigeria how the dollar affects them,” Mr Dorsey said in a tweet. In February, the U.S. consumer price index showed that inflation rose above 7.9 per cent last year, the highest level since 1982. “We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” said White House press secretary Jen Psaki ahead of March’s report. The Bloomberg Dollar Spot Index noted that dollar rose as much as 0.4 per cent reaching a level unseen since July 2020. This has affected third world countries like Nigeria which imports goods in dollars. In February, the National Bureau of Statistics said Nigeria’s inflation rate rose from 15.6 per cent to 15.7 per cent. The Naira has been in free fall under the Buhari-led regime, currently trading at N417.00/$1 at Nigeria’s official foreign exchange market, Investors and Exporters (I&E) and at N586 at the parallel market. https://gazettengr.com/u-s-dollar-inflation-badly-affecting-nigerians-jack-dorsey/ |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by DaniDani(m): 9:32pm On Apr 12, 2022 |
So of these white capitalist care about us while we don't care about ourselves. 1 Like |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by DaniDani(m): 9:32pm On Apr 12, 2022 |
So of these white capitalists care about us while we don't care about ourselves. |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by dasparrow: 9:56pm On Apr 12, 2022 |
Since when does Jack Dorsey care? Look at him pretending to care. Shouldn't he worry about his people and the rising cost of living in his country? SMH |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by Nobody: 10:08pm On Apr 12, 2022 |
See this Iddiott ! Go worry about your own country inflation and leave Naija and the rest of the so-called Third-World counties
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Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by ivolt: 10:46pm On Apr 12, 2022 |
Jack Dorsey is wrong. |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by BSdetective: 10:52pm On Apr 12, 2022 |
Thanks for the show of concern jack.....but when Nigerians fail to develop their own platforms, goods and services until them would they remain dependent on the dollar to import their needs. Even the owner of nairaland (Nigerian version of Twitter) is more concerned about getting a twitter blue tick instead of promoting his site. 2 Likes |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by NwaNimo1(m): 11:00pm On Apr 12, 2022 |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by r4bbit: 11:26pm On Apr 12, 2022 |
if you look at the comments above you will see some ret3rds saying wetin concern you(as in jack Dorsey) ... mtcheew, is Asive the guy even care about Nigeria than the Nigerians ourselves.. |
Re: U.S. Dollar Inflation Badly Affecting Nigerians: Jack Dorsey by lecowas: 11:53pm On Apr 12, 2022 |
ivolt: He is wrong if ur making ur money in $$$, ask those who are salary earners earning in the shitty ###.. |
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