The main thrust of this study was to investigate funding and library resources in university libraries in Rivers State, Nigeria. Survey research design was adopted for the study. A sample of 105 was used for the study; purposive sampling technique was used to select the sample for the study. Questionnaire was the main instrument used for data collection. The data collected were analysed using one way analysis of variance (ANOVA). The result of the analysis revealed that the perceived source of funding significantly influenced library resources in university libraries in Rivers State, Nigeria in terms of provision of information resources, library facilities provision and maintenance, human resources availability and provision of library services. Based on these findings, it was recommended that librarians should explore other means of funding where necessary to improve their services. Efforts should also be made to address the issues of human resources development, facility procurement and maintenance. Finally, the university librarian should be carried along in the strategic planning of their institutions.