Title:
THE EFFECT OF DISRUPTIVE TECHNOLOGY ON NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT LEVY OF THE SELECTED TELECOMMUNICATION NETWORK PROVIDERS IN NIGERIA

Authors:
Ajagun, Olusegun Peter, Adegbei, F. F. , Ajibade, A. T., Nigeria

Abstract:

Technology has led to dramatic changes not only in the ways we manufacture and process goods, the ways we trade and access markets, and the ways we communicate. This study examines disruptive technologies with regard to finance which is critical to achieving the Sustainable Development Goals, many of which can be advanced and accelerated in Nigeria through technological innovations. The disruptive technologies focused on in this study are Mobile Number Portability, Horizontal Integration, Over the Top-Lawyer, Customer Experience Management and Soft-SIM. Ex-post facto research design was used for the study using published secondary data of selected listed Telecommunication companies (MTN, Globacom, Airtel and 9-mobile). Time series secondary data published by The FIRS and Ministry of Budget Planning were collected for both tax revenue and disruptive technology for the period of 2001 to 2019 and analyzed using regression analysis. It was discovered that Customer Experience Management had the highest relative effect on Information Technology Development Levy of the selected telecommunication network providers in Nigeria (R2 = 0.29, t =8.81, p< 0.05), followed by Horizontal Integration (R2 = 0.26, t =7.651, p< 0.05). Over the Top-Lawyer was next in line (R2 = 0.13, t =3.71, p< 0.05),  followed by Mobile Number Portability (R2 = 0.12, t =3.27, p< 0.05), while Soft-SIM had the least relative effect (R2 = 0.1, t =3.58, p< 0.05). Given these results, the study therefore concluded that disruptive technology dimensions significantly affect Information Technology Development Levy of the selected telecommunication network providers in Nigeria. Based on the result, it was recommended that the regime of taxes and levies ought to be ascertainable in order to assist planning and forecasting for business endeavors and the economy. While it is accepted and common practice that taxes and levies form a veritable source of revenue for government, it is imperative that citizens should be able to determine or know in advance what taxes they are liable to pay. The computation of taxes and levies should therefore be predicated on clearly defined criteria.