By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Wednesday said it will launch an Industrial Goods Index by January 2014.

Oscar Onyema, the Chief Executive Officer (CEO) of the Nigeria’s Exchange revealed this at the “Facts behind the Figures” presentation of First Aluminum Nigeria Plc at the Stock Exchange House in Lagos Nigeria.

“I am glad to reveal at this gathering that The NSE is developing an Industrial Goods Index, which we plan to have launched by January 2014” he said.

Onyema challenged the Companies listed in the Building Materials Sub-sector of the NSE to elevate their efforts in dealing with current housing deficit confronting Nigeria.

“I will like to use this opportunity to challenge First Aluminum Plc and all the companies quoted in the Building Materials Sub-sector of The Exchange to elevate their efforts in dealing with current housing deficit confronting our country” the NSE CEO said.

He affirmed that official statistics shows that Nigeria’s housing deficit currently stands at about 16 million housing units. “If we are to have a solution to this problem, companies quoted in the Building Materials Sub-sector of The NSE will have to rise to the occasion by providing quality materials that are priced within the reach of average Nigerian” Onyema said.