Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey
Aim: There seems to be a dearth of literature on how much Nigerian university libraries are spending on the acquisition of Online Electronic Database (OED). This study sets out to investigate the annual cost of acquiring this important and evolving aspect of library collection with the view of deter...
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| Format: | Article |
| Language: | English |
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The Provincial Public Library – the Copernicus Library in Toruń and Nicolaus Copernicus University in Toruń
2021-11-01
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| Series: | Folia Toruniensia |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/FT/article/view/33883 |
| _version_ | 1797430188712132608 |
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| author | Adekunle Emmanuel Oyadeyi Taofeek Abiodun Oladokun Oludare Adebanji Shorunke Omobolanle Seri Fasola |
| author_facet | Adekunle Emmanuel Oyadeyi Taofeek Abiodun Oladokun Oludare Adebanji Shorunke Omobolanle Seri Fasola |
| author_sort | Adekunle Emmanuel Oyadeyi |
| collection | DOAJ |
| description | Aim: There seems to be a dearth of literature on how much Nigerian university libraries are spending on the acquisition of Online Electronic Database (OED). This study sets out to investigate the annual cost of acquiring this important and evolving aspect of library collection with the view of determining whether the returns in terms of utilization is commensurate with the invested fund.
Methodology: The study adopts a quantitative research method. A self-developed questionnaire was used to collect data from 55 librarians in 41 academic libraries across Nigeria. The data collected were processed using Statistical Package for the Social Sciences (SPSS) version 20.
Findings: Academic libraries in Nigeria spend an average of ₦12,500,000 or $32,637 on OED subscriptions annually. The study has shown that Nigerian academic libraries usually subscribe to the EBSCOhost and Research4Life databases with few adding specialized databases such as Law Pavilion, HeinOnline, Legalpedia, and ScienceDirect. To ensure adequate returns on investment, the libraries are massively providing support infrastructures, user education, and other information services. However, challenges limiting the widespread use of online databases include irregular power supply and slow internet connectivity among others.
Conclusions: The study, therefore, concludes that there is a middling to low return on subscribed OED in Nigerian academic libraries. However, there are still various huddles that must be scaled for Nigerian academic libraries to reap adequate returns on their investments in online electronic databases. |
| first_indexed | 2024-03-09T09:25:00Z |
| format | Article |
| id | doaj.art-645334e71bbb484bb985c28e6f7241de |
| institution | Directory Open Access Journal |
| issn | 1641-3792 |
| language | English |
| last_indexed | 2024-03-09T09:25:00Z |
| publishDate | 2021-11-01 |
| publisher | The Provincial Public Library – the Copernicus Library in Toruń and Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Folia Toruniensia |
| spelling | doaj.art-645334e71bbb484bb985c28e6f7241de2023-12-02T06:13:10ZengThe Provincial Public Library – the Copernicus Library in Toruń and Nicolaus Copernicus University in ToruńFolia Toruniensia1641-37922021-11-0121638510.12775/FT.2021.00329461Return on investment (ROI) in subscription databases by Nigerian academic libraries: a surveyAdekunle Emmanuel Oyadeyi0https://orcid.org/0000-0002-7932-4934Taofeek Abiodun Oladokun1https://orcid.org/0000-0001-7015-9496Oludare Adebanji Shorunke2https://orcid.org/0000-0002-2993-4881Omobolanle Seri Fasola3https://orcid.org/0000-0002-7446-4137Ajayi Crowther University. University LibraryLead City University, IbadanUniversity of Lagos. Medical LibraryAjayi Crowther University. University LibraryAim: There seems to be a dearth of literature on how much Nigerian university libraries are spending on the acquisition of Online Electronic Database (OED). This study sets out to investigate the annual cost of acquiring this important and evolving aspect of library collection with the view of determining whether the returns in terms of utilization is commensurate with the invested fund. Methodology: The study adopts a quantitative research method. A self-developed questionnaire was used to collect data from 55 librarians in 41 academic libraries across Nigeria. The data collected were processed using Statistical Package for the Social Sciences (SPSS) version 20. Findings: Academic libraries in Nigeria spend an average of ₦12,500,000 or $32,637 on OED subscriptions annually. The study has shown that Nigerian academic libraries usually subscribe to the EBSCOhost and Research4Life databases with few adding specialized databases such as Law Pavilion, HeinOnline, Legalpedia, and ScienceDirect. To ensure adequate returns on investment, the libraries are massively providing support infrastructures, user education, and other information services. However, challenges limiting the widespread use of online databases include irregular power supply and slow internet connectivity among others. Conclusions: The study, therefore, concludes that there is a middling to low return on subscribed OED in Nigerian academic libraries. However, there are still various huddles that must be scaled for Nigerian academic libraries to reap adequate returns on their investments in online electronic databases.https://apcz.umk.pl/FT/article/view/33883return on investmentsubscription databasecostuselibrariansuniversitiesnigeria. |
| spellingShingle | Adekunle Emmanuel Oyadeyi Taofeek Abiodun Oladokun Oludare Adebanji Shorunke Omobolanle Seri Fasola Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey Folia Toruniensia return on investment subscription database cost use librarians universities nigeria. |
| title | Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey |
| title_full | Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey |
| title_fullStr | Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey |
| title_full_unstemmed | Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey |
| title_short | Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey |
| title_sort | return on investment roi in subscription databases by nigerian academic libraries a survey |
| topic | return on investment subscription database cost use librarians universities nigeria. |
| url | https://apcz.umk.pl/FT/article/view/33883 |
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