A chieftain of the Peoples Democratic Party, PDP, Dele Momodu, has said Nigeria is in trouble because its economy has collapsed under President Bola Tinubu.

Momodu said Tinubu was engaging in reckless waste by purchasing private jets, building monuments, and distributing palliative rather than fixing the collapsed economy.

The veteran journalist lamented that the waste by Tinubu’s government is a sign of a failed administration.

In an open letter to Tinubu, Momodu said there would be resources for development if Tinubu can curb the resources in his government.

The letter posted on his Facebook page reads partly: “Nigeria is in big trouble. Our economy has virtually collapsed. And what’s the way out? You’ve been wasting too much money at a time that requires absolute frugality.

“Please, stop this reckless propensity for wasting scarce resources.

“Purchasing Presidential jets, building outlandish monuments, distributing cash as palliatives, etc, are signs of a failed and careless government.

“If you can curb the excessive spending of your government, you will free up a lot of resources for serious development.”