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This research work focuses on the impact of libraries on sustainable economic development in Nigeria, looking at various sectors of the economy. It was discovered that libraries have contributed significantly and boosted the development of the economy by providing adequate information that supports learning, research, innovation, businesses, socio-cultural knowledge, and other economic activities in the country. Several challenges to the effective provision of information services in several economic sectors in Nigeria were identified which include poor funding, inadequate power supply, and incompetent personnel. Some of the roles that libraries play in the development of Nigeria have been buttressed through various writers relayed in this paper. The work concludes that there is no development or modernisation in practical terms without impacting people directly, This is the reason libraries channel their services toward people of all careers and backgrounds. It is recommended that adequate funding, training, and re-training of librarians should be top on the management agenda at all levels. Also, a steady power supply and integration of libraries in the national policy framework will help the nation to meet sustainable economic development goals.