The financial structure of consumer goods firms in Nigeria affects their performance. By analyzing data from 1993 to 2013, researchers found that firms with high debt levels tend to have lower earnings per share and return on equity. This suggests that too much debt can harm a company's financial health. The study also showed that focusing on a balanced mix of debt and equity can improve financial performance. It is important for firms to carefully manage their finances and avoid excessive debt to succeed in the consumer goods industry in Nigeria.