Nigeria needs to borrow money to fund the 2017 budget house of representatives
I think there may be some confusion here.
Firstly, the 2017 budget was already passed and implemented in Nigeria. The 2017 Appropriation Act was signed into law by President Muhammadu Buhari on June 9, 2016.
Secondly, the House of Representatives is a legislative arm of government, not a borrowing authority. It is the responsibility of the Federal Ministry of Finance, Budget and National Planning, in consultation with the National Assembly, to borrow funds to finance the budget.
If Nigeria needs to borrow money to fund its budget, it would typically do so through the issuance of bonds or other debt securities, which would be managed by the Debt Management Office (DMO) and the Central Bank of Nigeria (CBN).
It's worth noting that Nigeria has been borrowing heavily in recent years to finance its budget deficits, which has led to concerns about the country's debt sustainability. The DMO has been working to manage the country's debt and ensure that it remains sustainable.
In summary, while the House of Representatives may have played a role in the budget-making process, it is not responsible for borrowing money to fund the budget.