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The Federal Government has pledged to support all privatised enterprises across the country in order to enable the firms to perform optimally.

It made the pledge on Friday through its Bureau of Public Enterprises at the handover of the Certificate-of-Occupancy of Ikorodu Bricks and Clay Limited to the core investor, Continental Project Development and Supplies Ltd, in Abuja.

Alex Okoh, the Director-General, BPE, who handed over the C-of-O to the core investor, said in a statement issued by the bureau that the government would ensure that the objectives of privatisation were met.

“The Federal Government is committed to providing the enabling environment and necessary support for all privatised enterprises in the country to perform optimally so that the objectives of privatisation would be realised,” Okoh was quoted as saying.

On the handover of the C-of-O to Continental Project, the BPE boss charged the investor to revive the company and bring it to profitability in the shortest timeframe.

The company’s Group Chairman, Albert Awofisayo, said the firm would abide by the reviewed Share Purchase Agreement to resuscitate the company and appealed to the government to intervene in the supply of electricity.

Ikorodu Bricks and Clay Company, wholly owned by the Federal Government, was privatised through a core investor sale in 2006.

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