The study assessed ETF library intervention funding in Nigerian colleges of education. Its objectives include among others to discover the library services provided by colleges of education libraries before the intervention funding was received, to examine the satisfaction of the users with the services they received before the intervention and to find out the services funded by ETF library intervention and assess the satisfaction of the users with the services. Relevant literatures on the theory and practical application in library funding and financing were reviewed to establish the foundation of the study. The study used the staff in the colleges of education libraries and students as subjects. The subjects were drawn randomly to avoid working with biased samples. Data collected were analyzed using descriptive statistics in form of frequency distribution and percentages. Hypotheses formulated were tested using t-test and the findings in testing the hypotheses revealed differences in services provided by the colleges and services provided from the intervention. The study discovered that the services provided by colleges of education libraries were manual literature searching as reported by 113(23.77%) of the respondents and library users were not satisfied with the services they received from the college libraries before the intervention was received. It also identified that the major services funded from ETF library intervention fund include among others book acquisition/lending service as reported by 87(14.22%) of the respondents and users were highly satisfied with the services funded by the ETF library intervention as recorded in the responses of 195(41.40%). In assessing adequacy of funding it was discovered that the intervention fund was not adequate recorded from 193(40.98%) of the respondents. It established the acceptable mode of disbursing fund to libraries was through the college as identified by 323(68.57%) of the respondents. It finally insistent on use of ETF approved consultants reported by 185(39.27%) of the respondents as the major challenge in managing the fund. The study concluded that funding was essential to college of education libraries and recommended that if teacher education was to be improved library services need to be supported by regular and adequate funding.