This paper examines the necessity of establishing virtual libraries in Nigerian Universities as vital tools for achieving the national goal in higher education by the year 20:20 20. The paper notes that virtual libraries are essential assets for Nigerian universities through the provision of weh base resources which facilitate teaching, learning and researches. It also highlights some challenges to include: inadequate professional librarians and erratic and insufficient power supply. In view of this, the paper also made some recommendations that will enable the government and the universities in Nigeria to achieve a fonctional education by the year 2020