A fundamental issue within the Nigerian economy that has resulted in information and communication technology (ICT) mis-planning is the uncertainty surrounding how ICT value relates to ICT maturity. In response, the value-added intellectual coefficient model has been used to measure the value of ICT across sectors in the Nigerian stock exchange while their ICT maturity has been measured using the ICT maturity model for small-and-medium scale enterprises. The result has shown that the Nigerian economy is web based in ICT maturity with an index of about 0.67. The ICT value index has been estimated to be about 5.65, an indication that ICT’s potentials are not effectively utilized in Nigeria. Correlation analysis of these two variables has shown a very weak correlation between ICT maturity and ICT value in the Nigerian economy. This implies that the benefits from ICT are only slightly dependent on the degree of ICT adoption and diffusion.