New media technology in university libraries: Panacea for development of sustainable digital economy in Nigeria

Abstract

The paper focused on new media technology in university libraries: panacea for development of sustainable digital economy in Nigeria. It dealt extensively on new media technologies such as web 2.0, library 2.0, social media, blogs, mobile technology as well as cloud computing technology; detailing how each of these are applied in library services. Digital economy which is also known as the Internet economy, new economy or web economy, is an economy that is based on computing technologies. It has been established that impact of knowledge, educational attainment and intensity of research and development results in economic growth. The concept of digital economy, research productivity, impact of new media on research productivity, impact of new media on digital economy, the state of digital economy in Nigeria as well as efforts made in adopting new media in Nigerian university libraries are discussed. Challenges of adopting new media in Nigerian university libraries were highlighted which include: poor digital literacy skills among librarians, poor ICT infrastructural facilities and shortage of funds among others.