This paper examines the adoption and usage of Information and Communication Technology(ICT) among the Small and Medium Enterprises (SME) in Nigeria. An exploratory researchdesign was adopted using a structured survey instrument administered to 40 SMEs that wasconveniently selected from the database of SMEs in Lagos, Ogun and Oyo States of Nigeria.Descriptive statistics was employed for the analysis through the use of statistical package forsocial sciences. The study found that the level of usage of ICT by SMEs in Nigeria is still in itsinfancy and that majority of SMEs use ICT mainly for Communication purposes. The prominentperceived barriers found included the high cost of acquiring and setting up ICT equipments andfear of losing personal touch with customers / clients. The study concludes that in order toimprove the quality of information available to suppliers and customers and achieve theresultant positive impact on the economy, the government should provide incentives to motivatethe SMEs to adopt sophisticated ICT equipments.