Membership of the Institute is obtainable only by examination and by satisfying other conditions as to experience and character. Members of the Institute use the designation Professional Budget Administrator and the designatories letters: DFBMA for Doctoral Fellows, FBMA, for Fellows and ABMA, for Member.

Students of the Institute are not permitted to use the designation or designatory letters or any modified form of either or to describe themselves as Members.


In order to register as a student with the Institute, an applicant must satisfy the Council that he/she:

  • Has a University or Professional qualification recognized for this purpose by the Council or
  • Has passed ND or HND of a Polytechnic or NCE from College of    Education or
  • Has passed General Certificate of Education (GCE), National Business and Technical Examination Board (NABTEB) O/A Level or other recognized bodies.

A qualified member of the Institute of Budget Management and Administration (IBMA) will be able to:

  • Understand the difference between Budgeting and Budgetary control.
  • Identify the fundamentals of budgeting.
  • Understand and place budget planning, management and administrative procedures within a wider context of accountability and financial disciplines.
  • Will be able to satisfactorily acquire practical knowledge of modern management and control of budget.
  • Itemize the various benefits of budgeting.
  • Understand the possible limitations of budgeting
  • Describe the application of Budgeting to various types of organization.
  • Itemize the various stages in Budget process.
  • Understand the importance of the behavioral aspect of Budgeting.
  • Prepare functional and Master Budget.
  • Understand the various alternative approaches to Budgeting such as:
    • Rolling Budgeting.
    • Zero Based Budgeting.
    • Flexible Budgeting, etc.

The Institute is an independent body governed by a Council that is elected by the members.

The work of the Council is pursued by a number of standing committees and is supported by a number of permanent staff.