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Funding issues is observed to be the major stumbling block for the development of digital libraries in Nigeria. Hence, this paper aims to explore issues in obtaining and allocating funds for digital library development.

The review is an explorative report of the state of affairs of digital library development in Nigeria with the associated fundraising issues.

Digital library initiatives are coincidental development with transformational change in the technology-driven world of global information distribution. The desire of the information users to have better-unrestricted access to information becomes the hallmark of digital content development and web-based information services. The goal of making information accessible globally to large and diverse information users was achievable with the development of a digital library that provides enhanced information services, improves access and usability of digital information resources.

The library of the future has already materialized in form of digital library services, but the cost of developing a digital library is not foreseeable cheap, and if Nigerian libraries are to achieve digital library service goal, alternative sources of finance need to be sought after through fundraising scheme from friends of the library, rental services, consultation fees and collaboration effort on library consortia as well as advocacy for open access initiatives.

Information resources management (IRM) and information management (IM) are two distinct terms often used interchangeably in the literature as synonyms, but perhaps, they mean different things. It is worthy of investigation to clarify whether these two related terms are in fact synonyms, and if not, what line of demarcation does them apart, discussion of some underpinning common generalities and issues that compass their misconceptions. This is a significant gap in the literature that needs to be bridged to develop a common ground of what differentiates IRM from IM.

It is a general review of the legitimate differences between IRM and IM.

Information resources in the ambit of IRM cannot achieve anything except people do something with it either by examining, categorizing or describing it, but in the end, they understood, rebut, alter or do all sorts of manipulation to the data set or information. Meanwhile, all this interpretation and manipulation constitute the hallmark of IM.

At this point, we need to take note of the fact that IRM is not the same as IM but rather IRM forms part of a holistic framework or components of IM. This is to say that successful IM cannot take place without proper IRM.