MANAGEMENT OF FUNDS IN ACADEMIC AND RESEARCH LIBRARIES IN SOUTHWESTERN NIGERIA: A STUDY OF SOME SELECTED LIBRARIES

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ABSTRACT

This study investigated management of funds in academic and research institutes libraries in Southwestern Nigeria. Survey research design was used for the study. Data was collected with the use of questionnaire designed for the study from some selected universities and research libraries.   Data   collected   were   analysed   with   descriptive   statistics.   The   results   revealed   that academic and research libraries mostly generate funds from government allocation (100%), gifts(76%),   library   fee   (72%)   and   endowment   fund   (44%).   On   ways   of   managing   funds.   The university librarians and Institute librarians (56%) as well as sectional librarians (52%) manage funds. Furthermore, 10% as well as 5%of government allocation gets to the library depending on the   management   of   the   institutions.   Corruption,   economic   recession,   government   policies constituted major constraints to management of funds. Finally, understanding of work policies,accountability,   setting   of   priority   right   and   attendance   at   management   training   were recommended to solve the problems discovered.

KEYWORDS: Management, Funds, Academic, Research, Libraries

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