Ways for Generating Additional Income in Academic Libraries

Ways for Generating Additional Income in Academic Libraries

Abstract of Ways for Generating Additional Income in Academic Libraries

The ways of generating additional income in academic library is the pivot on which all academic activities revalue in an academic environment. Libraries help the institutions to achieve their stated goals and the fulfillment of this enormous task is dependent on the adequate income of libraries to ensure the realization of the goals and objective of the parent institution. Infact the issue of generating additional income in academic libraries has been a typical for virtually everyone engaged in the education. Against this background, the state of funding as it affects the Alvan Ikoku Libraries is review of identifying problems encountered there in for mark of specificity; this research is divided into five chapters. Chapter one examines the evolution of academics effects of funding, aims and purpose of the study, scope and limitation and the historical development of the tow libraries under study. Chapter two deals with literature review, chapter three, examine the methodology of the present research. Chapter four deals with the data collected from the interview analyzed and discussed. The last chapter five took care of the conclusion and recommendation for the improvement of the deplorable situation of funding of the two libraries under study. Finally there are also references, bibliography and an appendix.

Chapter One of Ways for Generating Additional Income in Academic Libraries

INTRODUCTION

BACKGROUND OF THE STUDY

The Harrods Librarian glossary and reference book defines academic library as those of universities, polytechnics, colleges schools and all their institutions forming part of or associated with reaching and learning.
The contents or collections of academic libraries usually cover many branches of knowledge and may weigh move on those areas having to directly with the aims, purposes or objectives, for which the institutions are established. Funk and waynals new Encyclopedia sees an academic library as college and university libraries which jitters from rezendi libraries in their needs to serve readers with various levels of expertise and in their responsibilities to support the teaching and research programmes of their home institutions such libraries usually obtain most of their financial support from the parent institutions.
Sequel to the definition. It can be deduced that academic libraries operate in accordance with the principle and objectives of the parent body establishing them. All services are geared forwards the academic community, with little or no attention gives to those outside the library community, this to meet the objects which include. To provide references and lending services appropriate to the needs of students and staff of the institution, such materials include dictionaries encyclopedia year books, bibliographies. Another objective of the academic library is to provide an actively information service and this may be extended beyond the institution to the local industries and commercials.

ADDITIONAL WAYS OF GENERATING ACADEMIC LIBRARY FINANCES

Various sources by which academic library derived their needed funds for capital and recurrent expenses apart from privately owned institution of higher learning, public universities and other publicly owned higher institutions are expected to at list pay their ways.
Academic libraries derived their funds from external and internal sources while the externally derived funds from the parent institution for an academic library and donations form individuals and organizations.

WAYS OF GENERATING ADDITIONAL INCOME IN ACADEMIC LIBRARIES OR VARIOUS SOURCES OF FUD OF AN ACADEMIC LIBRARIES

Government/Ownership Grant
Gifts and Private Contributions
Endowments
Miscellaneous sources of funds.

PROBLEM OF GENERATING ADDITIONAL INCOME IN ACADEMIC LIBRARIES

In the history and development of academic library in Nigeria, the problem of fund is remained an intractable phenomenon. This factors constitutes the basic and accomplishment of the main aims and objectives of establishing is their fore indispensable in the smooth running of any library. It is an acknowledged fact that no one singular library can buy all print and non prints materials that can adequately meet the needs all user in the academic environment. In the same token it has not been possible for most academic libraries to boast of enough personnel of professional competence and required sense of commitment commensurate to the library services being demanded by its clienteles due to inadequate funding of the libraries by the government. The result of the impending global economic situation on the other hand has drastically affected the attainment or achievement of basic standards in funding in the institutions.