The lack of funds for effective running of the universities and especially their libraries has adversely affected adequate provision of modern books. Updated literate materials and journals where available, are now expensive as warranted by the economic recession, global political crises and currency devaluation compounded by the information explosion that we have witnessed in the global electronic village that the world has turned to. In view of those afore stated problems, Nigerian students have now turned their attention to the use of internet for the purpose of studying, conducting research and obtaining general information. The study therefore is an attempt to access the effectiveness of the use of internet services and how it affects student's academic performances. The study will also act as a pointer to the ways by which students can improve on their academic performance through search for educational tools and resources. The study will also be beneficial for planning purposes in terms of acquisition and setting up of internet based community for students to improve their IT search skills and boost academic performance.