The research aims at evaluating the effects of Information and Communication Technology investment on
profitability of sachet water companies in Nigeria. The study was carried out on sixty (60) randomly selected
sachet water companies that registered with National Agency for Food and Drug Administration and Control
(NAFDAC) and Association of Table Water Association Producers (ATWAP). Both primary and secondary
data were used in the study. Secondary data was obtained from the book of accounts of the selected sachet
water companies while primary data was collected with the aid of questionnaires and scheduled interviews
conducted to managers, data management officers, staff and customers of the selected sachet water companies.
The data collected were analyzed using both descriptive and inferential statistics. The descriptive statistics used
included frequencies, percentages and tables and determination of profitability was assessed using Return on
Equity (ROE) and Return on Capital Employee (ROCE). The study revealed that years of existence of the
companies, capital base and educational level of the manager have significant effects on the extent of ICT usage
with an adjusted R2 of 0.6274. The paired sample ‘t” test value of 1.809 and which is significant (P<0.1) also
implies that there is significant relationship between ICT investment and the profitability of the companies. The
study therefore concluded that ICT investment had positive effects on the profitability of selected sachet water
companies in Nigeria. Based on these findings it was recommended that sachet water companies should be ICT
compliance.