For the purpose of clarity, the work will be divided into five (5) chapters and each of the chapters will look at a relevant segments of the study as follows, chapter on gives a general introduction, the aim of engaging in the study, definition of the study, key terms and research questions. This chapter is therefore an overview of the whole work. The second chapter contains the literature review, that is the works of various authors in the field of impact of rising interest rate on manufacturing was examined. Chapter three will take a look at research methodology, sources of data collection, population and sample size, population and sampling techniques instruments for data collection as well as technique for data analysis. Chapter four contains data presentation, data analysis interpretation and summary of findings. Finally the last chapter will be the conclusion of what has been derived from the study and recommendation made; there is need for manufacturing firm to have the basic intellectual and management capacity that will help bring about efficiency in production and resource utilization and the CBN should device a better method of monitoring the activities of banks to ensure policy compliance, good corporate governance and social responsibility.