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Instances of information communication technology project failure are being recorded in Nigeria. This paper focuses on a design-reality gap to assess the selected information communication technology (ICT) projects in federal universities, South West of Nigeria. We determine the success and failure rates of the selected ICT projects based on the design-reality gap model dimensions: information, technology, processes, objectives and values, staffing and skills, management systems and structures. The outcome of the study showed that, of all the ICT E-library projects assessed, only FUTA E-Library was a success, while the rest E-Library projects were partial failures and only FUNAAB E-Library project was a failure. The study recommended that ICT project initiatives should be initiated or instigated on the demand of institutional need, there should be an establishment of a body or agency to monitor ICT projects and their implementation.