He said the money would be given out as loans to the entrepreneurs in the state to enable them to invest in their businesses.
According to him, almost all state government businesses/enterprises had collapsed, stressing that government had no business in running businesses.
He said it was the responsibility of government to fix the necessary infrastructure, create business-friendly environment and tax policies.
“’The government is expected to put the infrastructure on ground for the private sector’’, Amaechi said.
He explained that there was “value change’’ in the state and said the people should ‘tap’ into the change.
Mr Chika Onuegbu, Chairman of Trade Union Congress of Nigeria (TUC), Rivers chapter, said the states’ revenue allocation from Federation Account had dropped in recent times, “an experience shared by other states.’’
In his keynote address, President Goodluck Jonathan said that “social stability was economic stability.’’
Jonathan, represented by Mr Sampson Ngerebara, Managing Director, Intedeco Nigeria Limited, a Port Harcourt based company, said favourable policies and friendly environment were critical to business enterprises.
He said the private sector remained the leader of the business sector.