The study was set out to examine the role of the Tertiary Education Trust Fund (TETFund) vis-a-vis the development of tertiary education in Nigeria. Specifically, it seeks to determine factors that precipitated the establishment of the Fund by the government and to examine the core areas of intervention as well as evaluate the impact of the Fund on tertiary education development in the country. The descriptive method was adopted for the analysis of the findings. The data for the study was obtained from secondary sources.