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The study examined the impact of collection development policy on the provision of library resources in academic libraries in Imo state, Nigeria which revealed the effectiveness of collection development policy in providing the needed information resources in academic libraries. Four objectives and four research questions were formulated to guide the study. Survey research design was adopted and questionnaire titled Adoption of Collection Development Policy in the Provision of Library resources in Academic Libraries in Imo State was the instrument for data collection. The entire five academic institutions’ libraries in Imo state were used as sample and the entire 120 academic librarians in charge of collection development was the population. Data collected was presented in tables and analyzed using mean frequency. Findings revealed that collection development policy is necessary in collection building in academic libraries in Imo state and in use by all the libraries studied. It helps in the provision of quality print and non-print materials including e-resources for quality services delivery etc. Some challenges like inadequate funding, inability of the collection development librarian to interpret the policy and adhere to it, lack of coverage of all disciplines and high cost of information resources due to high exchange rate were found. The study recommended that the university management should ensure that funds are provided for the upkeep of the library, professionals should be employed to handle collection development duties, heads of libraries should ensure that funds provided are judiciously used in the acquisition of relevant information materials using the policy.