Library and Information Service (LIS) Institutions are the places for the attainment of information and knowledge for every citizen. Effective service pre-supposes, developing a good collection, right staffing, and the library's proper management—all of these influence funding availability.In a sense, the provision of funds means the delivery of useful information services. In the same vein, the absence of funds reflects the Poverty of libraries in SL. This study seeks to proffer innovative strategies for tackling the lack of adequate funding to provide effective and efficient library and information services in SL. The qualitative method was used for this study. A review of the literature is done, and an online interview was conducted of ten librarians in SL. The study provided innovative strategies, improving or developing libraries' robust policies, increasing funding or work towards more generous sharing of resources, using the budget for the intended purpose, providing leadership and management of resources, and proper user education for combating the Poverty of libraries in SL.
