Maintenance Policy of Public Assets and Economic Development of Nigeria

Abstract

Maintenance policy of Public Assets and its relationship with Economic Development has always remained an area of interest to research scholars. This empirical study is a relationship study that focused on Sharks Football Stadium in Port Harcourt, Rivers State, Nigeria. The population of study consists of 154 questionnaires, which was distributed to staff of the Rivers State Ministry of Youths & Sports and the Rivers State Sport Council. The multiple regression analysis technique, using the SPSS software was implored in the analysis. The predicting variable, maintenance policy revealed a positive regression coefficient of 0.339 and a P value of 0.000 which is less than alpha of 0.05, thereby necessitating a rejection of the stated null hypothesis of “there is no significant relationship between maintenance policy of public assets and economic development of Nigeria”. The study therefore recommends  regular maintenance policy reviews to ensure adequate and regular inspection of facilities, adoption of a maintenance management programme for planned, effective and corrective strategies; training and retraining of technical personnel to upgrade competence as well as adequate budgetary provision to cater for maintenance costs and ensure the usefulness of the facilities at all times.