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The need for easy, seamless and always-available access to useful, relevant and up-to-date sources of information in recent time cannot be overstretched. It is in recognition of this and in line with the goal of ensuring the penetration of information technology (IT) and the empowerment of citizens with the latest developments in technology that National Information Technology Development Agency (NITDA) in 2013, rolled out the initiative of establishing Virtual Libraries as Information Resource Tools in schools, universities and communities in Nigeria to enable quick, remote and easy access to useful, relevant information. The Virtual Library provides access to tools such as databases, electronic journals, alerting services, online reference tools, and quality-selected web resources that improve the quality of teaching and research. Unfortunately various virtual library initiatives in Nigeria within the past few years have remained a mirage. On this note therefore, this article examines the implementation of virtual library in Nigeria with specific emphasis on national virtual library project - the blueprint and the current state of its implementation, the challenges inherent, and the way forward.