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In the 21st century more than ever before, information has become an essential commodity and the amount of new information in the world has almost quadrupled in recent times. They come and go from various sources like newspaper, radio, television, mail electronic mail, internet, magazines and telephones. This makes it extremely difficult to control or regulate the creation, organization, storage, access, dissemination, use, and final disposal of information. Bringing order to the above, that is, our chaotic world of information is the whole essence of information policy. Unfortunately, most developing countries in the world (Nigeria inclusive) are yet to develop efficient information policies for the regulation of information activities in their various countries. This paper therefore x-rays the importance of information policy and the relevance of interest articulation and interest aggregation in the formulation of an effective/efficient information policy. The paper is a review which has succeeded on one hand in highlighting the relevance of national information policy and on the other hand in showcasing the role of interest articulation and interest aggregation in the formulation of a functional national information policy. It documents that information policy is an essential ingredient for managing information in every 21st century without society without which man and society will be perpetually caught in the web of information chaos.