EVALUATION OF THE COMPLIANCE TO ISO 55000 STANDARDS IN NIGERIA: EVALUATION OF THE COMPLIANCE TO ISO 55000 STANDARDS IN THE MANAGEMENT OF PUBLIC INFRASTRUCTURE ASSET IN S-SOUTH NIGERIA

This study was necessitated by the need to improve organizational performance of public agency. The study was aimed at assessing compliance to ISO 55000 in the Management of public agencies' infrastructure with a view to improve the adoption of ISO 55000 for public asset management in South-South Nigeria. Five research questions guided the study and two null hypotheses were tested. Descriptive survey research design was employed for the study. The population consists of one hundred and sixty four (164) registered facility managers (builders) and estate managers. The data collected were analyzed using descriptive statistics of mean and standard deviation to answer the research questions, and determine the closeness of the respondents’ mean ratings. Hypotheses were tested with Spearman Rank Correlation Coefficient Analysis (r) at 0.05 significant levels. The findings of the study revealed that there is very high level of awareness of ISO55000 standards in the study areas. It was also revealed that absence of legal framework on duties and the people involved in the various aspect of asset maintenance management (Lack of Legal Accountability) ranked the highest barrier.