diff --git a/docs/angular/api-angular/schematics/library.md b/docs/angular/api-angular/schematics/library.md
index 2b5aa0917c4c1..167157e740516 100644
--- a/docs/angular/api-angular/schematics/library.md
+++ b/docs/angular/api-angular/schematics/library.md
@@ -36,12 +36,26 @@ Type: `boolean`
 
 Add a module spec file.
 
+### buildable
+
+Default: `false`
+
+Type: `boolean`
+
+Generate a buildable library.
+
 ### directory
 
 Type: `string`
 
 A directory where the lib is placed
 
+### importPath
+
+Type: `string`
+
+The library name used to import it, like @myorg/my-awesome-lib. Must be a valid npm name.
+
 ### lazy
 
 Default: `false`
@@ -72,13 +86,11 @@ The prefix to apply to generated selectors.
 
 ### publishable
 
-Alias(es): buildable
-
 Default: `false`
 
 Type: `boolean`
 
-Generate a buildable library.
+Generate a publishable library.
 
 ### routing
 
diff --git a/docs/angular/api-react/schematics/library.md b/docs/angular/api-react/schematics/library.md
index 8eb6c788ac24e..b0ba08c25ce25 100644
--- a/docs/angular/api-react/schematics/library.md
+++ b/docs/angular/api-react/schematics/library.md
@@ -66,6 +66,12 @@ Type: `string`
 
 A directory where the lib is placed.
 
+### importPath
+
+Type: `string`
+
+The library name used to import it, like @myorg/my-awesome-lib
+
 ### js
 
 Default: `false`
diff --git a/docs/react/api-angular/schematics/library.md b/docs/react/api-angular/schematics/library.md
index 0e42d88a65d72..313e538276381 100644
--- a/docs/react/api-angular/schematics/library.md
+++ b/docs/react/api-angular/schematics/library.md
@@ -36,12 +36,26 @@ Type: `boolean`
 
 Add a module spec file.
 
+### buildable
+
+Default: `false`
+
+Type: `boolean`
+
+Generate a buildable library.
+
 ### directory
 
 Type: `string`
 
 A directory where the lib is placed
 
+### importPath
+
+Type: `string`
+
+The library name used to import it, like @myorg/my-awesome-lib. Must be a valid npm name.
+
 ### lazy
 
 Default: `false`
@@ -72,13 +86,11 @@ The prefix to apply to generated selectors.
 
 ### publishable
 
-Alias(es): buildable
-
 Default: `false`
 
 Type: `boolean`
 
-Generate a buildable library.
+Generate a publishable library.
 
 ### routing
 
diff --git a/e2e/angular/src/angular-package.test.ts b/e2e/angular/src/angular-package.test.ts
index b07279352895f..27e10550a1e11 100644
--- a/e2e/angular/src/angular-package.test.ts
+++ b/e2e/angular/src/angular-package.test.ts
@@ -33,13 +33,13 @@ forEachCli('angular', (cli) => {
       newProject();
 
       runCLI(
-        `generate @nrwl/angular:library ${parentLib} --publishable=true --no-interactive`
+        `generate @nrwl/angular:library ${parentLib} --publishable=true --importPath=@proj/${parentLib} --no-interactive`
       );
       runCLI(
-        `generate @nrwl/angular:library ${childLib} --publishable=true --no-interactive`
+        `generate @nrwl/angular:library ${childLib} --publishable=true --importPath=@proj/${childLib} --no-interactive`
       );
       runCLI(
-        `generate @nrwl/angular:library ${childLib2} --publishable=true --no-interactive`
+        `generate @nrwl/angular:library ${childLib2} --publishable=true --importPath=@proj/${childLib2} --no-interactive`
       );
 
       // create secondary entrypoint
diff --git a/e2e/workspace/src/workspace.test.ts b/e2e/workspace/src/workspace.test.ts
index 2cb5302000069..bb1ee2da45453 100644
--- a/e2e/workspace/src/workspace.test.ts
+++ b/e2e/workspace/src/workspace.test.ts
@@ -38,8 +38,8 @@ forEachCli((cliName) => {
       const mylib1 = uniq('mylib1');
       const mylib2 = uniq('mylib1');
       runCLI(`generate @nrwl/react:app ${myapp}`);
-      runCLI(`generate @nrwl/react:lib ${mylib1} --publishable`);
-      runCLI(`generate @nrwl/react:lib ${mylib2} --publishable`);
+      runCLI(`generate @nrwl/react:lib ${mylib1} --buildable`);
+      runCLI(`generate @nrwl/react:lib ${mylib2} --buildable`);
 
       updateFile(
         `apps/${myapp}/src/main.ts`,
@@ -80,9 +80,9 @@ forEachCli((cliName) => {
       const libD = uniq('libd-rand');
 
       runCLI(`generate @nrwl/angular:app ${appA}`);
-      runCLI(`generate @nrwl/angular:lib ${libA} --publishable --defaults`);
-      runCLI(`generate @nrwl/angular:lib ${libB} --publishable --defaults`);
-      runCLI(`generate @nrwl/angular:lib ${libC} --publishable --defaults`);
+      runCLI(`generate @nrwl/angular:lib ${libA} --buildable --defaults`);
+      runCLI(`generate @nrwl/angular:lib ${libB} --buildable --defaults`);
+      runCLI(`generate @nrwl/angular:lib ${libC} --buildable --defaults`);
       runCLI(`generate @nrwl/angular:lib ${libD} --defaults`);
 
       // libA depends on libC
@@ -206,7 +206,9 @@ forEachCli((cliName) => {
       runCLI(`generate @nrwl/angular:app ${myapp2}`);
       runCLI(`generate @nrwl/angular:lib ${mylib}`);
       runCLI(`generate @nrwl/angular:lib ${mylib2}`);
-      runCLI(`generate @nrwl/angular:lib ${mypublishablelib} --publishable`);
+      runCLI(
+        `generate @nrwl/angular:lib ${mypublishablelib} --publishable --importPath=@proj/${mypublishablelib}`
+      );
 
       updateFile(
         `apps/${myapp}/src/app/app.component.spec.ts`,
@@ -434,7 +436,7 @@ forEachCli((cliName) => {
       runCLI(`generate @nrwl/react:app ${myapp2}`);
       runCLI(`generate @nrwl/react:lib ${mylib}`);
       runCLI(`generate @nrwl/react:lib ${mylib2}`);
-      runCLI(`generate @nrwl/react:lib ${mypublishablelib} --publishable`);
+      runCLI(`generate @nrwl/react:lib ${mypublishablelib} --buildable`);
 
       updateFile(
         `apps/${myapp}/src/main.tsx`,
diff --git a/packages/angular/src/schematics/library/lib/normalize-options.ts b/packages/angular/src/schematics/library/lib/normalize-options.ts
index 12ad9d797b9fd..d652a9fdf90ce 100644
--- a/packages/angular/src/schematics/library/lib/normalize-options.ts
+++ b/packages/angular/src/schematics/library/lib/normalize-options.ts
@@ -1,6 +1,6 @@
 import { Tree } from '@angular-devkit/schematics';
-import { getNpmScope, toClassName, toFileName } from '@nrwl/workspace';
-import { libsDir } from '@nrwl/workspace/src/utils/ast-utils';
+import { getNpmScope, toClassName, toFileName, NxJson } from '@nrwl/workspace';
+import { libsDir, readJsonInTree } from '@nrwl/workspace/src/utils/ast-utils';
 import { Schema } from '../schema';
 import { NormalizedSchema } from './normalized-schema';
 
@@ -24,6 +24,9 @@ export function normalizeOptions(
   const modulePath = `${projectRoot}/src/lib/${fileName}.module.ts`;
   const defaultPrefix = getNpmScope(host);
 
+  const importPath =
+    options.importPath || `@${defaultPrefix}/${projectDirectory}`;
+
   return {
     ...options,
     prefix: options.prefix ? options.prefix : defaultPrefix,
@@ -35,5 +38,6 @@ export function normalizeOptions(
     modulePath,
     parsedTags,
     fileName,
+    importPath,
   };
 }
diff --git a/packages/angular/src/schematics/library/lib/update-lib-package-npm-scope.ts b/packages/angular/src/schematics/library/lib/update-lib-package-npm-scope.ts
index d08195cd1f72b..9e0c6184b73b0 100644
--- a/packages/angular/src/schematics/library/lib/update-lib-package-npm-scope.ts
+++ b/packages/angular/src/schematics/library/lib/update-lib-package-npm-scope.ts
@@ -1,12 +1,10 @@
 import { Rule, Tree } from '@angular-devkit/schematics';
-import { getNpmScope, updateJsonInTree } from '@nrwl/workspace';
+import { updateJsonInTree } from '@nrwl/workspace';
 import { NormalizedSchema } from './normalized-schema';
 
 export function updateLibPackageNpmScope(options: NormalizedSchema): Rule {
-  return (host: Tree) => {
-    return updateJsonInTree(`${options.projectRoot}/package.json`, (json) => {
-      json.name = `@${getNpmScope(host)}/${options.name}`;
-      return json;
-    });
-  };
+  return updateJsonInTree(`${options.projectRoot}/package.json`, (json) => {
+    json.name = options.importPath;
+    return json;
+  });
 }
diff --git a/packages/angular/src/schematics/library/lib/update-ng-package.ts b/packages/angular/src/schematics/library/lib/update-ng-package.ts
index e4b5d527b5dea..8c53e17f8a5e5 100644
--- a/packages/angular/src/schematics/library/lib/update-ng-package.ts
+++ b/packages/angular/src/schematics/library/lib/update-ng-package.ts
@@ -4,7 +4,7 @@ import { libsDir } from '@nrwl/workspace/src/utils/ast-utils';
 import { NormalizedSchema } from './normalized-schema';
 
 export function updateNgPackage(host: Tree, options: NormalizedSchema): Rule {
-  if (!options.publishable) {
+  if (!(options.publishable || options.buildable)) {
     return noop();
   }
   const dest = `${offsetFromRoot(options.projectRoot)}dist/${libsDir(host)}/${
diff --git a/packages/angular/src/schematics/library/lib/update-project.ts b/packages/angular/src/schematics/library/lib/update-project.ts
index 993c1078a6e7d..bf0c05526be83 100644
--- a/packages/angular/src/schematics/library/lib/update-project.ts
+++ b/packages/angular/src/schematics/library/lib/update-project.ts
@@ -47,7 +47,7 @@ export function updateProject(options: NormalizedSchema): Rule {
         host.delete(path.join(libRoot, `${options.name}.component.spec.ts`));
       }
 
-      if (!options.publishable) {
+      if (!options.publishable && !options.buildable) {
         host.delete(path.join(options.projectRoot, 'ng-package.json'));
         host.delete(path.join(options.projectRoot, 'package.json'));
         host.delete(path.join(options.projectRoot, 'tsconfig.lib.prod.json'));
@@ -138,7 +138,7 @@ export function updateProject(options: NormalizedSchema): Rule {
           };
         }
 
-        if (!options.publishable) {
+        if (!options.publishable && !options.buildable) {
           delete fixedProject.architect.build;
         } else {
           // adjust the builder path to our custom one
diff --git a/packages/angular/src/schematics/library/lib/update-tsconfig.ts b/packages/angular/src/schematics/library/lib/update-tsconfig.ts
index 2f1f166d1a0d5..7742a32cdb90c 100644
--- a/packages/angular/src/schematics/library/lib/update-tsconfig.ts
+++ b/packages/angular/src/schematics/library/lib/update-tsconfig.ts
@@ -2,23 +2,30 @@ import {
   chain,
   Rule,
   SchematicContext,
+  SchematicsException,
   Tree,
 } from '@angular-devkit/schematics';
-import { NxJson, readJsonInTree, updateJsonInTree } from '@nrwl/workspace';
-import { libsDir } from '@nrwl/workspace/src/utils/ast-utils';
+import { updateJsonInTree } from '@nrwl/workspace';
 import { NormalizedSchema } from './normalized-schema';
 
 export function updateTsConfig(options: NormalizedSchema): Rule {
   return chain([
     (host: Tree, context: SchematicContext) => {
-      const nxJson = readJsonInTree<NxJson>(host, 'nx.json');
       return updateJsonInTree('tsconfig.base.json', (json) => {
         const c = json.compilerOptions;
         c.paths = c.paths || {};
         delete c.paths[options.name];
-        c.paths[`@${nxJson.npmScope}/${options.projectDirectory}`] = [
-          `${libsDir(host)}/${options.projectDirectory}/src/index.ts`,
+
+        if (c.paths[options.importPath]) {
+          throw new SchematicsException(
+            `You already have a library using the import path "${options.importPath}". Make sure to specify a unique one.`
+          );
+        }
+
+        c.paths[options.importPath] = [
+          `libs/${options.projectDirectory}/src/index.ts`,
         ];
+
         return json;
       })(host, context);
     },
diff --git a/packages/angular/src/schematics/library/library.spec.ts b/packages/angular/src/schematics/library/library.spec.ts
index 39e4bfbf8ed22..cf858727e97af 100644
--- a/packages/angular/src/schematics/library/library.spec.ts
+++ b/packages/angular/src/schematics/library/library.spec.ts
@@ -18,7 +18,12 @@ describe('lib', () => {
     it('should update ng-package.json', async () => {
       const publishableTree = await runSchematic(
         'lib',
-        { name: 'myLib', framework: 'angular', publishable: true },
+        {
+          name: 'myLib',
+          framework: 'angular',
+          publishable: true,
+          importPath: '@myorg/lib',
+        },
         appTree
       );
       let ngPackage = readJsonInTree(
@@ -31,7 +36,12 @@ describe('lib', () => {
     it('should update ng-package.json $schema to the correct folder', async () => {
       const publishableTree = await runSchematic(
         'lib',
-        { name: 'myLib', framework: 'angular', publishable: true },
+        {
+          name: 'myLib',
+          framework: 'angular',
+          publishable: true,
+          importPath: '@myorg/lib',
+        },
         appTree
       );
       let ngPackage = readJsonInTree(
@@ -53,37 +63,27 @@ describe('lib', () => {
     it('should update package.json when publishable', async () => {
       const tree = await runSchematic(
         'lib',
-        { name: 'myLib', framework: 'angular', publishable: true },
+        {
+          name: 'myLib',
+          framework: 'angular',
+          publishable: true,
+          importPath: '@myorg/lib',
+        },
         appTree
       );
       const packageJson = readJsonInTree(tree, '/package.json');
       expect(packageJson.devDependencies['ng-packagr']).toBeDefined();
     });
 
-    it("should update npmScope of lib's package.json when publishable", async () => {
-      const tree = await runSchematic(
-        'lib',
-        { name: 'myLib', framework: 'angular', publishable: true },
-        appTree
-      );
-      const packageJson = readJsonInTree(tree, '/libs/my-lib/package.json');
-      expect(packageJson.name).toEqual('@proj/my-lib');
-    });
-
-    it("should update npmScope of lib's package.json when publishable", async () => {
-      const tree = await runSchematic(
-        'lib',
-        { name: 'myLib', publishable: true, prefix: 'lib' },
-        appTree
-      );
-      const packageJson = readJsonInTree(tree, '/libs/my-lib/package.json');
-      expect(packageJson.name).toEqual('@proj/my-lib');
-    });
-
     it('should update workspace.json', async () => {
       const tree = await runSchematic(
         'lib',
-        { name: 'myLib', framework: 'angular', publishable: true },
+        {
+          name: 'myLib',
+          framework: 'angular',
+          publishable: true,
+          importPath: '@myorg/lib',
+        },
         appTree
       );
       const workspaceJson = readJsonInTree(tree, '/workspace.json');
@@ -115,6 +115,18 @@ describe('lib', () => {
       ).not.toBeDefined();
     });
 
+    it('should have a "build" target when a library is buildable', async () => {
+      const tree = await runSchematic(
+        'lib',
+        { name: 'myLib', publishable: false, buildable: true },
+        appTree
+      );
+      const workspaceJson = readJsonInTree(tree, '/workspace.json');
+
+      expect(workspaceJson.projects['my-lib'].root).toEqual('libs/my-lib');
+      expect(workspaceJson.projects['my-lib'].architect.build).toBeDefined();
+    });
+
     it('should remove tsconfib.lib.prod.json when library is not publishable', async () => {
       const tree = await runSchematic(
         'lib',
@@ -454,6 +466,7 @@ describe('lib', () => {
           directory: 'myDir',
           framework: 'angular',
           publishable: true,
+          importPath: '@myorg/lib',
         },
         appTree
       );
@@ -503,6 +516,26 @@ describe('lib', () => {
       ).toBeUndefined();
     });
 
+    it('should throw an exception when not passing importPath when using --publishable', async () => {
+      expect.assertions(1);
+
+      try {
+        const tree = await runSchematic(
+          'lib',
+          {
+            name: 'myLib',
+            directory: 'myDir',
+            publishable: true,
+          },
+          appTree
+        );
+      } catch (e) {
+        expect(e.message).toContain(
+          'For publishable libs you have to provide a proper "--importPath" which needs to be a valid npm package name (e.g. my-awesome-lib or @myorg/my-lib)'
+        );
+      }
+    });
+
     it('should update tsconfig.json (no existing path mappings)', async () => {
       const updatedTree: any = updateJsonInTree(
         'tsconfig.base.json',
@@ -1049,4 +1082,62 @@ describe('lib', () => {
       ).toEqual(['libs/my-lib/tsconfig.lib.json']);
     });
   });
+
+  describe('--importPath', () => {
+    it('should update the package.json & tsconfig with the given import path', async () => {
+      const tree = await runSchematic(
+        'lib',
+        {
+          name: 'myLib',
+          framework: 'angular',
+          publishable: true,
+          directory: 'myDir',
+          importPath: '@myorg/lib',
+        },
+        appTree
+      );
+      const packageJson = readJsonInTree(
+        tree,
+        'libs/my-dir/my-lib/package.json'
+      );
+      const tsconfigJson = readJsonInTree(tree, '/tsconfig.base.json');
+
+      expect(packageJson.name).toBe('@myorg/lib');
+      expect(
+        tsconfigJson.compilerOptions.paths[packageJson.name]
+      ).toBeDefined();
+    });
+
+    it('should fail if the same importPath has already been used', async () => {
+      const tree1 = await runSchematic(
+        'lib',
+        {
+          name: 'myLib1',
+          framework: 'angular',
+          publishable: true,
+          importPath: '@myorg/lib',
+        },
+        appTree
+      );
+
+      try {
+        await runSchematic(
+          'lib',
+          {
+            name: 'myLib2',
+            framework: 'angular',
+            publishable: true,
+            importPath: '@myorg/lib',
+          },
+          tree1
+        );
+      } catch (e) {
+        expect(e.message).toContain(
+          'You already have a library using the import path'
+        );
+      }
+
+      expect.assertions(1);
+    });
+  });
 });
diff --git a/packages/angular/src/schematics/library/library.ts b/packages/angular/src/schematics/library/library.ts
index 73311b8aadf42..660947b9604f9 100644
--- a/packages/angular/src/schematics/library/library.ts
+++ b/packages/angular/src/schematics/library/library.ts
@@ -5,6 +5,7 @@ import {
   noop,
   Rule,
   schematic,
+  SchematicsException,
   Tree,
 } from '@angular-devkit/schematics';
 import {
@@ -28,6 +29,12 @@ export default function (schema: Schema): Rule {
       throw new Error(`routing must be set`);
     }
 
+    if (options.publishable === true && !schema.importPath) {
+      throw new SchematicsException(
+        `For publishable libs you have to provide a proper "--importPath" which needs to be a valid npm package name (e.g. my-awesome-lib or @myorg/my-lib)`
+      );
+    }
+
     return chain([
       addLintFiles(options.projectRoot, Linter.TsLint, { onlyGlobal: true }),
       addUnitTestRunner(options),
@@ -42,7 +49,7 @@ export default function (schema: Schema): Rule {
         prefix: options.prefix,
         style: options.style,
         entryFile: 'index',
-        skipPackageJson: !options.publishable,
+        skipPackageJson: !(options.publishable || options.buildable),
         skipTsConfig: true,
       }),
       // TODO: Remove this after Angular 10.1.0
@@ -66,7 +73,9 @@ export default function (schema: Schema): Rule {
             project: options.name,
           })
         : noop(),
-      options.publishable ? updateLibPackageNpmScope(options) : noop(),
+      options.publishable || options.buildable
+        ? updateLibPackageNpmScope(options)
+        : noop(),
       addModule(options),
       formatFiles(options),
     ]);
diff --git a/packages/angular/src/schematics/library/schema.d.ts b/packages/angular/src/schematics/library/schema.d.ts
index 11b939b4dd35c..00a795f4d3d72 100644
--- a/packages/angular/src/schematics/library/schema.d.ts
+++ b/packages/angular/src/schematics/library/schema.d.ts
@@ -7,7 +7,9 @@ export interface Schema {
   addModuleSpec?: boolean;
   directory?: string;
   sourceDir?: string;
+  buildable: boolean;
   publishable: boolean;
+  importPath?: string;
 
   spec?: boolean;
   flat?: boolean;
diff --git a/packages/angular/src/schematics/library/schema.json b/packages/angular/src/schematics/library/schema.json
index 6140a94f5204e..ffdf5cda78e68 100644
--- a/packages/angular/src/schematics/library/schema.json
+++ b/packages/angular/src/schematics/library/schema.json
@@ -20,8 +20,12 @@
     "publishable": {
       "type": "boolean",
       "default": false,
-      "description": "Generate a buildable library.",
-      "alias": "buildable"
+      "description": "Generate a publishable library."
+    },
+    "buildable": {
+      "type": "boolean",
+      "default": false,
+      "description": "Generate a buildable library."
     },
     "prefix": {
       "type": "string",
@@ -104,6 +108,10 @@
       "enum": ["karma", "jest", "none"],
       "description": "Test runner to use for unit tests",
       "default": "jest"
+    },
+    "importPath": {
+      "type": "string",
+      "description": "The library name used to import it, like @myorg/my-awesome-lib. Must be a valid npm name."
     }
   },
   "required": []
diff --git a/packages/workspace/package.json b/packages/workspace/package.json
index 0437f349a2204..843e0a88f1dd3 100644
--- a/packages/workspace/package.json
+++ b/packages/workspace/package.json
@@ -68,6 +68,7 @@
     "yargs": "^11.0.0",
     "chalk": "2.4.2",
     "@nrwl/cli": "*",
-    "axios": "0.19.2"
+    "axios": "0.19.2",
+    "speakingurl": "14.0.1"
   }
 }
diff --git a/packages/workspace/src/schematics/library/library.spec.ts b/packages/workspace/src/schematics/library/library.spec.ts
index d0d71ecabf74d..62e74fd176707 100644
--- a/packages/workspace/src/schematics/library/library.spec.ts
+++ b/packages/workspace/src/schematics/library/library.spec.ts
@@ -255,4 +255,49 @@ describe('lib', () => {
       ).toEqual(['libs/my-lib/tsconfig.lib.json']);
     });
   });
+
+  describe('--importPath', () => {
+    it('should update the tsconfig with the given import path', async () => {
+      const tree = await runSchematic(
+        'lib',
+        {
+          name: 'myLib',
+          directory: 'myDir',
+          importPath: '@myorg/lib',
+        },
+        appTree
+      );
+      const tsconfigJson = readJsonInTree(tree, '/tsconfig.base.json');
+
+      expect(tsconfigJson.compilerOptions.paths['@myorg/lib']).toBeDefined();
+    });
+
+    it('should fail if the same importPath has already been used', async () => {
+      const tree1 = await runSchematic(
+        'lib',
+        {
+          name: 'myLib1',
+          importPath: '@myorg/lib',
+        },
+        appTree
+      );
+
+      try {
+        await runSchematic(
+          'lib',
+          {
+            name: 'myLib2',
+            importPath: '@myorg/lib',
+          },
+          tree1
+        );
+      } catch (e) {
+        expect(e.message).toContain(
+          'You already have a library using the import path'
+        );
+      }
+
+      expect.assertions(1);
+    });
+  });
 });
diff --git a/packages/workspace/src/schematics/library/library.ts b/packages/workspace/src/schematics/library/library.ts
index 8041b169dad80..5a3aeadf11a13 100644
--- a/packages/workspace/src/schematics/library/library.ts
+++ b/packages/workspace/src/schematics/library/library.ts
@@ -28,6 +28,7 @@ export interface NormalizedSchema extends Schema {
   projectRoot: string;
   projectDirectory: string;
   parsedTags: string[];
+  importPath?: string;
 }
 
 function addProject(options: NormalizedSchema): Rule {