Abstract

The study examined pension fund investment in Nigeria. The research design was ex-post facto research design. The independent variable was pension fund investment, with its proxies as public sector pension investment, private sector pension investment and money market securities. The reviewed literature was majorly from 2007 to 2024 and the study adopted a qualitative method involving a discourse analysis to explore concepts and their relationships to validate the outcomes. Based on the analysis, the findings revealed that public sector investment has a positive and significant effect on the performance of the financial services industry in Nigeria. Similarly, private sector investment and money market securities have significant effects on the performance of the financial services industry in Nigeria. Therefore, the study recommended among others that policymakers should keep increasing investment and utilization of public funds while focusing on creating an enabling environment for private sector participation.