The paper evaluates the success of programmes of the Federal Government of Nigeria in improving funding of university libraries. The World Bank loan, 10 percent direct allocation, and the Education Trust Fund (ETF) interventions were found to be beneficial to library acquisitions. Interventions like the Petroleum Trust Fund (PTF) and National Universities Commission (NUC) central book purchase scheme as beneficial. Prudent management of funds at Hezekiah Oluwasanmi library has been of help since the stoppage of direct allocation from NUC. It is recommended that the government should involve end users of intervention programmes in planning and execution of future programmes.