Library Progress (International)
  • Year: 2022
  • Volume: 42
  • Issue: 1

Alternative funding sources for Nigerian academic libraries outside government sources in the post-recession economy: A new normal

University Library, University of Medical SciencesOndo, Nigeria

*Corresponding Author: Femi Joseph Folorunso, University Library, University of Medical SciencesOndo, Nigeria. E-mail: folorunsofemi.joseph@yahoo.com

Online published on 7 July, 2022.

Abstract

This paper is titled adoption of alternative funding sources for Nigerian Academic Libraries outside Government Sources in the Post-Recession Economy. The paper dwelt on alternative funding of academic libraries in Nigeria and why it has become imperative in the post-recession economy of Nigeria. It has been reported in this paper that funding allocation to tertiary education and particularly academic libraries in Nigeria as a result of economic recession has been notoriously weak. This paper highlighted key funding alternative sources that can bring out the academic libraries in Nigeria from the wood, these include: call for library grants, call for alumni intervention, donations from philanthropists, gifts and fundraising and so on. The paper also stressed the reasons why it is important for library schools in Nigeria to encourage grant proposal writing to training librarians. In conclusion, this paper is going to be an eye opener in generating fund for the survival of academic libraries for practicing librarians in academic libraries in Nigeria and beyond.

Keywords

Funding, Funding Sources, Academic Library, Post Recession Economy