This study examines the availability and utilization, the benefits and challenges of ICT tools in the teaching of Mathematics in basic schools using Atiba Local Government Area of Oyo State as a case study. The population for the study comprises sixty-eight (68) Mathematics teachers in the thirty-one (31) public basic schools in the Local Government Area under study. A sample of ten (10) public basic schools was used where three (3) Mathematics teachers were selected as samples. The instrument for data collection is a self-designed questionnaire tagged “ICT in Basic Schools (ICTBS). A descriptive survey design was used for the study.  With a 2.5 standard mean, the study revealed that ICT tools for mathematics teaching were lacking in public basic schools. Based on the calculated grand mean of 2.54 obtained, it was also shown that the respondents agreed that ICT tools are to some extent available and which showed the grand mean of 3.72 to indicate that the respondents agreed with the listed items as the major challenges facing ICT tools. The study revealed further that some of the benefits of using ICT in basic schools include but are not limited to making mathematics teaching and learning interesting. Some of the challenges facing ICT as revealed by the study are irregular power supply, inadequate computer literate teachers, and inadequate ICT tools. It was, therefore, recommended that Oyo state government should increase the funding of the education sector to cater for ICT programmes in public basic schools and there should be periodic training for mathematics teachers on ICT skills acquisition.