The Northern Regional Minister, Alhaji Shani Alhassan Saibu, has called on investors to take advantage of the numerous investment opportunities in the region and channel their investment for high dividends.
He said due to the increasingly friendly business environment, following the restoration of peace in the region, coupled with its numerous investment opportunities, the region is fast becoming the toast of investors who wish to invest in it.
The Regional Minister made the call yesterday in Accra during the State of the Region Report, a weekly press briefing platform put together by the Ministry of Information for Regional Ministers to provide update on developments in their regions.
“There is much to be achieved for the Northern Region in view of the huge potentials at our disposal. In this regard, I wish to use this opportunity to call on investors to inject the necessary capital into the various sectors of our economy,” the Regional Minister said.
Alhaji Saibu said the region is blessed with vast and fertile arable lands which when fully exploited, had the potential to change the face of the region’s economy, contribute to attaining food security in the region, reduce poverty, unemployment, and rural urban migration.
Providing updates on developmental projects in his region, the Regional Minister said rehabilitation, partial reconstruction, and other civil works of 245.58km of roads are currently being undertaken in Tamale and other capitals of the MMDAs in the region by the Department of Urban Roads.
These works, he said, include asphalt overlays, rehabilitation works, and storm drain construction. “A total of 45km of roads have had asphalt overlay in Tamale, while 9km of Yendi town roads were done as part of these projects. Some of the areas in Tamale include: Sakasaka, Nyohini, Tamasco, while that of Yendi include the Palace, Fire Service and Residency areas,” he mentioned.
Touching on health, he said a total of about 118 projects in the region have been undertaken so far with 82 of them completed and in use, representing 72% of completed projects. These projects range from CHPS compounds, health centers and clinics, administration blocks for district health directorates and health institutions, maternity wards, accommodation for health workers as well as the supply of logistics to health facilities. The Regional Minister also said work on all eight Agenda 111 project sites in the region are progressing steadily.
He also disclosed that the Tamale International Airport Phase 2 has been completed and is expected to be commissioned soon. The second phase of the project which begun in March, is estimate at cost of $70million
The project comprises the construction of a new terminal building that is appropriate for the airport’s international standing. It has a first class 5km road connecting it to the Tamale-Bolgatanga highway, as well as a modern car park and space for commercial vehicles.
The Airport project also includes an ultra-modern Hajj Terminal that will be dedicated to Hajj activities, making Tamale the country’s Hajj hub.