The Institute of Financial Management Studies is a recognized professional body that is legally established in Nigeria under the COMPANIES AND ALLIED MATTERS ACT 2020. The institute is relentlessly and professionally committed to promoting financial empowerment, financial enlightenment and financial literacy. It achieves this noble objective through its insightful, impactful, enlightening and transformative financial education services. The targets of the activities of the institute are people in the active, working or productive age.
The professional commitment of the institute in promoting financial empowerment, financial enlightenment and financial literacy among people in the productive age is very significant, considering the fact that most adults are financial illiterates, needless to say that financial illiteracy is a universal disease that wrecks the lives of adults globally. It is interesting to note that most people struggle in their finances all through their adult lives, even to no avail, irrespective of their educational qualifications and honest efforts to achieve financial success.
It is very instructive to note that financial education has no place in the curriculum of formal educational institutions, and this has unbearable life consequences on students when their school days are over. Much of the things that are essential for achieving a happy life are not taught in school, while much of the things that are taught in school are not essential for achieving a happy life when school days are over. Consequently, students graduate from academic institutions, even at tertiary level, inadequately prepared to confront life challenges.
The fact that the subject of money is not taught in school satisfactorily accounts for the reason most adults struggle in their finances after school days, even all through their adult lives. The Institute of Financial Management Studies was born to address this critical challenge of humanity by empowering people, especially those in the productive age, mentally and intellectually. The Institute is under the leadership of mentors, life coaches and teachers. It works with individuals, public organisations, corporate organisations, schools, churches, etc.