The study investigated the effect of ownership structure on financial performance of listed consumer goods sector firms in Nigeria. Ex-post facto research design was adopted for the study, and secondary data was extracted from the published annual financial statements for a sample of 14 out of the 21 listed firms on the Nigerian Exchange Group (NGX) over the period of 2009 to 2021. The data was analyzed using descriptive statistics, Pearson correlation and the Hierarchical Multiple regression techniques. To ensure the validity and reliability of the data used, fixed and random effect models were utilized, and the fixed effect model was selected and used after conducting the Hausman specification test. The result revealed that there is a positive and insignificant impact of ownership structure on return on assets. The study therefore concluded that institutional share ownership has a positive significant relationship with financial peiformance, managerial share ownership has a positive insignificant with financial performance while ownership concentration has a negative insignificant relationship with financial performance of listed consumer goods firms in Nigeria. The study recommended that firms listed under the sector should imbibe the corporate governance long run strategies to increase the organizational growth.
KEYWORDS: Ownership Structure, Financial Performance, Consumer goods Firms, Nigerian Exchange Group.