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/

So of these white capitalist care about us while we don't care about ourselves.

So of these white capitalists care about us while we don't care about ourselves.

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

See this Iddiott ! Go worry about your own country inflation and leave Naija and the rest of the so-called Third-World counties

Jack Dorsey is wrong.

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.

He must mean Nigerians in america.....


[img]https:///media/3-30-2022/GDyBpU.gif[/img]

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..

ivolt:
Jack Dorsey is wrong.

He is wrong if ur making ur money in $$$, ask those who are salary earners earning in the shitty ###..