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This paper is an empirical study of collection development policy of electronic resources in university libraries in South East Nigeria. The study ascertains the types of policies guiding electronic resources collection development practices; identifies the tools used in making sound electronic resources collection development; and determines the criteria considered in the evaluation of electronic resources of university libraries in South East Nigeria. It employed a descriptive survey design. The population of the study was 86 librarians in collection development, serials and digital library (e-library). All the 86 librarians working in collection development, serials and digital library units (e-library) were used hence the number is manageable. The survey used questionnaire and interview as instruments of data collection. Data collected were tabulated and analyzed using simple statistics of percentages and mean. The result revealed that the university libraries under study adopted traditional policies with 69 respondents representing (80.2%) of the respondents; that the libraries under study used all the five (5) items which include; the use of trial offers by mounting a link to their resources without cost; visits to similar libraries that already have the product and see it in action there; the use of vendor exhibits at conferences; the use of demonstrations from publisher /vendor in the library and demonstrate their resource and the use of reviews provided through electronic resources as tools used in making sound electronic resources. The criteria used by the libraries under study to evaluate their resources which include cost-effectiveness based on the number of searches; relevance of the research on campus and the curriculum of the library users; dissatisfaction with a resource; access criteria on the technical reliability of the content provider; the database can be ranked by acquiring statistics; comparing duplication in various formats or overlap in full-text resources. The study recommended that libraries should formulate and develop electronic resources collection development policy; efforts should be made by libraries to adopt a written electronic resources collection development policy which serves as a guide and for references and continuity among the librarians that are involved in e-resources collection development. Also, electronic resources should be evaluated on a regular basis by considering relevant factors to disclose those electronic resources that are of high and maximum utilization.