President John Mahama has disclosed that his government will invest over one billion dollars in road construction to open the country to investors for massive development.

He said roads like the Walewale/Gambaga/Nalerigu road would be improved to connect the Bunkrugu and Nakpanduri stretch of the road to facilitate the movement of goods and services in the area.

President Mahama was addressing a mini- durbar of chiefs and people of Nalerigu as part of his two-day official visit to the Northern Region.

According to the president, it was his government's commitment to reduce interest rates on loans to enable businesses to flourish all over the country.

He said the current state where interest rates were soaring every day was not conducive for the development and growth of enterprises, assuring the people that all legal measures would be explored to ensure that businesses grow.

The President renewed his commitment to serve the country diligently to achieve all the development goals in the coming years.

"You all did well by voting massively for me in the 2012 presidential election and I will not forget what you did, and will not disappoint you in my administration," President Mahama thanked the people for his victory.

Speaking on peace in the Northern Region, President Mahama said "there cannot be any significant development without peace and I want to thank the Nayiri for maintaining peace in the traditional area over the years.”