Corporate governance has been brought to limelight as a result of the dilemma faced by organizations ranging from large scale misappropriation of funds, excessive executive remuneration and unequal treatment of shareholders to total corporate failures. This study examined the effect of corporate governance on the growth of manufacturing companies in Nigeria. This study made use of ex-post facto research design. The population of this study was the 34 quoted consumer goods and food & beverage manufacturing companies in Nigeria as at 31 December 2013, from which three companies were selected on convenience. Secondary data extracted from published financial statements of sampled companies for the period, 2008 – 2014, were used for the study. Data were analysed using OLS regression. The study revealed that corporate governance had a significant effect on price earnings ratio at 10% level (Prob. F-stat: 7.34%) and an adjusted R2 of 20.98% but had no effect on the retention ratio with a Prob. (Fstat) of 37.1% and an adjusted R2 of 1.697%. Corporate social responsibility exerted a significant effect on earnings per share with a Prob. (F-stat) of 4.72% and an adjusted R2of 25.34%. It was concluded that corporate governance affects an organization’s ability to grow and develop. The study therefore recommended that all companies should ensure strict adherence to the code of corporate governance, and be prudent in executives’ remunerations in order to guarantee their growth and expansion.