FINANCIAL MANAGEMENT IN NIGERIAN PUBLIC LIBRARIES (A CASE STUDY OF IMO STATE LIBRARY BOARD OWERRI)

This research work financial management in Nigeria public libraries: A case study of Imo state library Board was embarked upon to survey the sources of finance for public libraries. The research design adopted was the survey method and the questionnaire was used to collect data from the respondents. The study discovered that the Imo state library Board is faced with many problems like; lack of funds, lack of computers, lack of accounting materials, irregular subvention, and lack of accommodation and mismanagement of available funds. Based on these findings, the following recommendations were made: The state government should pay adequate attention to the funding of the library. The management should ensure proper utilization of the available resources. Staff salaries should be paid as and when due. More personnel should be employed to manage the financial resources for proper accountability. The staff should be exposed to in service training, work hops and seminars for acquisition of more skills that will enable them perform better. Certain jobs should be done through direct labour, they should avoid unnecessary contract work which consumes money, thereby leaving the board with empty purse. There should be alternative sources of funding. Suggestions were made for future researchers.