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This paper focuses on a design-reality gap assessment of 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, and so on. Thus, we adopt survey research design, including qualitative and quantitative methods of data collection in this paper. Moreover, we use purposive sampling technique in selecting the sample data. Five (5) heads of unit of the selected ICT projects responded to the questionnaire based on the Design-Reality gap model checklist and were also interviewed. The analytical tools adopted were percentage distribution. The data from interview were analysed thematically. The outcome of the study revealed that, UNILAG-CITS, FUTA-CRC, FUNAAB-ICTREC, OAU-MIS and UI-MIS ICT projects as partial failures. The study recommended that ICT project stakeholders/managers should draw up policy statements guiding the initiation, implementation and delivery of ICT project, it is important to conduct a need analysis/assessment prior to the implementation of ICT project initiatives. This will stimulate the demand for the ICT project.