Establishment of institutional digital repository requires a huge financial investment, therefore Lack of funding is another major problem experienced by developing country institutions in their effort to establish institutional digital repositories.Chesenga (2000) noted that “many libraries in sub-Saharan Africa especially academic, school and public libraries depend entirely on government funding for their operations. Funding from government is no longer adequate.” It is sad to note that even recently, Akintunde (2006), Blakes (2006), Jagboro (2007) and Omekwu and Echezona (2008) all cited in Okiy (2010), had reasons to cite inadequate funding as a major setback to digitization and hence globalization efforts of academic libraries in Nigeria. For instance, the funding problems experienced by the Hezekiah Oluwasanmi library of the ObafemiAwolowo University, Ile-Ife, in their efforts towards digitization of their theses, dissertations and newspapers led to sourcing for funding from the Carnegie Corporation of the United States of America and the Association of African Universities Okiy (2010). This was because funding from the Nigerian government was grossly inadequate. As Akintunde (2006) puts it, “funding by government (Federal and State) which has been the sponsor of 75 percent of the libraries has been dwindling and quite unreliable in the last few years.”