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Abstract: The research was designed to unveil out how academic libraries have assisted institutions in bring up candidates to work in industrial capabilities towards the achievement of competitiveness and sustainable economic growth in society. This study was drawn from the extensive literature review and case studies to discuss the following economic value of accessing information using the library; innovation and services in academic libraries; initiatives, resources and activities that facilitate access to information in the library; FUTO Library and library responding to academic programmes. The following research questions helped ascertain what has made the academic libraries tick in this direction and to find answers to them; what status of people does the library have? To what extent material resources is provided and used by the library patrons? What ICT services are been offered by the library and of what purpose are they offered? What strategy development implied by the library to meet patron’s needs? What are the obstacles the library may encounter in the process to achieve competitiveness and sustainability to serve library patrons? Frequency and percentages were deployed for the study due is within the study environment area. Collection of Data was through the use of questionnaire developed by the researchers. Ninety-five copies of the questionnaires were distributed to staff of FUTO Library, out of which 85 were returned and found useful. Finding was analyzed and results ascertained. Keyword: Library, growth, process, ICT, resources, services, innovation