Libraries of today are not just a place to consult books and other pedagogical materials but have completely transformed into a space where users can interact, create, and collaborate. Library and information centres are creating spaces called makerspaces in this digital transformation era, whereby researchers work together and share ideas in their various areas of specialisation. Makerspace are relatively new phenomena that create a collaborative and innovative environment for individuals to work on projects and learn about emerging technologies. Technology-centred makerspaces are increasingly being built in academic libraries, typically featuring high-tech machines and software that facilitate creation and design. This study investigated the creation and adoption of technology-centred makerspaces in academic libraries and the impact that makerspaces have on academic innovation. The study utilized literature review analyzed secondary data from articles, journals, periodicals, and publications to identify the need to design makerspaces, what is required in setting up a makerspace, and how academic libraries utilize makerspaces. The benefits accrued from makerspaces, barriers to effective adoption of these spaces, factors enabling adoption of makerspaces, and the state-of-the-art facilities offered by the library were also explored in this study. It is recommended that library management should not hesitate to establish makerspaces in their respective academic libraries, as this will aid in promoting knowledge-sharing, collaboration, creativity, and innovation.