The purpose of the study was to investigate ICT facilities and services as sources of revenue generation in academic libraries in Nigeria using Michael Okpara University of Agriculture Library, Umudike and Abia State University Library, Uturu as cases in view. The research design used for the study, was a case study research design. The population of the study consisted of 60 librarians and Para-professional librarians in both libraries instrument used for data collection were questionnaire and a checklist. Data collected were analyzed using descriptive statistics of mean scores and standard deviation. Through observation checklist, finding of the study showed types of ICT facilities available and those that are not available in both libraries. The study revealed perceptions of librarian about ICT facilities and services as alternative strategy for revenue generation in academic libraries. The findings showed that lack of ICT maintenance and support in the ICT department frequent changes in technologies, inadequate staff with technical knowhow of ICT in the department among other as problems that militate against the use of ICT facilities and services as alternative funding of academic libraries should be prioritized by Nigeria government to enable academic libraries purchase required and adequate ICT facilities for their operations, that academic libraries should have policy that will distinctively established ICT department as point where ICT facilities will be utilize strategically as alternative sources of revenue generation, that academic libraries and their administrators should priorities the employment of personnel who are experts in computer hardware and software and computer engineers to enable the section render efficient and effective services with the use of ICT facilities to stimulate fund generation among others.