{"id":176877,"date":"2022-04-13T11:09:44","date_gmt":"2022-04-13T10:09:44","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=176877"},"modified":"2022-04-13T11:09:44","modified_gmt":"2022-04-13T10:09:44","slug":"dollar-inflation-in-u-s-taking-heavily-toll-on-nigerians-twitter-founder-dorsey","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/04\/13\/dollar-inflation-in-u-s-taking-heavily-toll-on-nigerians-twitter-founder-dorsey\/","title":{"rendered":"Dollar inflation in U.S taking heavily toll on Nigerians\u2013 Twitter founder, Dorsey"},"content":{"rendered":"<p>Twitter founder Jack Dorsey has lamented the crippling effects of the U.S. dollar inflation on Nigeria and other developing countries.<\/p>\n<p>Dorsey made the remark in reaction to white house projection of hike in inflation in the United States and the country&#8217;s printing of its currency over the past years.<\/p>\n<p>Dorsey said Washington needed to understand that it decisions on dollars and inflation did affect people living in countries like Nigeria.<\/p>\n<p>\u201cYou don\u2019t understand the power of the dollar and our single export. Ask someone in Nigeria how the dollar affects them,\u201d Dorsey said in a tweet on Tuesday.<\/p>\n<p>In February, the U.S. consumer price index showed that inflation rose above 7.9 per cent last year, the highest level since 1982.<\/p>\n<p>\u201cWe expect March CPI headline inflation to be extraordinarily elevated due to Putin\u2019s price hike,\u201d said White House press secretary Jen Psaki ahead of March\u2019s report.<\/p>\n<p>In February, the <strong><a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/26\/nbs-report-nigerias-earnings-from-vat-rise-by-n530bn-hit-n2-03tn\/\">National Bureau of Statistics<\/a><\/strong> said Nigeria\u2019s inflation rate rose from 15.6 per cent to 15.7 per cent.<\/p>\n<p>The Naira has been in free fall under the president Muhammadu Buhari administration, currently trading at N417.00\/$1 at Nigeria\u2019s official foreign exchange market, Investors and Exporters (I&amp;E) and at N586 at the parallel market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter founder Jack Dorsey has lamented the crippling effects of the U.S. dollar inflation on Nigeria and other developing countries. Dorsey made the remark in reaction to white house projection of hike in inflation in the United States and the country&#8217;s printing of its currency over the past years. Dorsey said Washington needed to understand [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":12170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[10914,3380,3370,3240],"class_list":["post-176877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-dorsey","tag-inflation","tag-twitter","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dollar inflation in U.S taking heavily toll on Nigerians\u2013 Twitter founder, Dorsey<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/13\/dollar-inflation-in-u-s-taking-heavily-toll-on-nigerians-twitter-founder-dorsey\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar inflation in U.S taking heavily toll on Nigerians\u2013 Twitter founder, Dorsey\" \/>\n<meta property=\"og:description\" content=\"Twitter founder Jack Dorsey has lamented the crippling effects of the U.S. dollar inflation on Nigeria and other developing countries. Dorsey made the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/13\/dollar-inflation-in-u-s-taking-heavily-toll-on-nigerians-twitter-founder-dorsey\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-13T10:09:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/adejayan_gbenga\/2021\/03\/23\/Jack-Dorsey-696x392-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Afolabi Hakim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Afolabihakim\" 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