The study investigated the role of the parent institution and library in generating funds to facilitate library services in public academic libraries in Cross River State, Nigeria using survey research design. A questionnaire was built on a modified six-point Likert scale designed to measure sources of library funds variables through government/parent institution and internally generated sources. The instrument was administered on 30 senior management library staff from 5 academic institutions in the state. The internal consistency of the instrument lied in the range of (729 ≤ rxx ≤ .893) with across time stability in the range (729 ≤ ree .796) measured via Cronbach alpha and test-retest reliability. The study found that over reliance on government and parent institution for funding and a lack of initiative from libraries in generating added or alternative funds to sustain services. Requisite recommendations especially urging libraries to be proactive in looking onwards to generate funding.

funding, academic libraries, parent institution, internally generated revenue, Cross River State, Nigeria