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- The Levy is governed by National Information Technology Development Agency Act, CAP N156 LFN 2004 (as amended)
- The Levy is charged at the rate of 1% of Profit before tax
- The Levy is charged on specified companies with turnover of N100 million and above
Companies liable to pay the Levy are:
- GSM Service Providers and all Telecommunication Companies
- Cyber Companies and Internet Providers
- Pension Managers and Pension Related Companies
- Banks and other Financial Institutions and
- Insurance Companies