This study examines the impact of the National Information Technology Development Levy (NITDL) and Customs and Excise Duties on corporate investment in Nigeria’s information and telecommunication sector. The rapid expansion of the telecommunications industry has positioned it as a critical driver of economic growth, innovation, and digital transformation in Nigeria. However, the sector continues to face multiple fiscal obligations that may influence investment decisions. The study adopts a quantitative research design, relying on secondary data obtained from annual reports and relevant industry publications of eight quoted telecommunications companies in Nigeria as of 31st December 2022. The sampled firms include Airtel Africa Plc, MTN Nigeria Communication Plc, CWG Plc, Chams Holding Company Plc, E-Tranzact International Plc, NCR (Nigeria) Plc, Omatek Ventures Plc, and Briclink Africa Plc. Purposive sampling technique was employed, while multiple regression analysis using Ordinary Least Squares (OLS) was used to examine the relationships among the variables. The findings reveal that both the National Information Technology Development Levy and Customs and Excise Duties exhibit a negative but statistically insignificant relationship with corporate investment in the sector. This suggests that although increases in these tax components are associated with reductions in investment levels, the effects are not strong enough to be statistically meaningful. The study concludes that taxation, in its current structure, does not significantly determine corporate investment decisions in Nigeria’s telecommunications industry. Instead, other macroeconomic and structural factors may play more dominant roles. The study recommends improved infrastructure development, regulatory stability, and targeted investment incentives to enhance capital formation in the sector
Oyedokun et al. (Sat,) studied this question.