The study focuses on university governance with specific interest in the contributions of the Tertiary Education Trust Fund (TETFund) to human capital development in Nigerian public universities (NPUs). Three research questions and hypotheses were formulated to guide the study. Data for the study were generated via secondary sources and primary sources using a questionnaire. A designed questionnaire was administered to 300 academic staff randomly and purposely selected from a pool of 3,000 academic staff. The answers from the respondents were coded and analyzed using a computer-based software — Statistical Package for Social Science (SPSS) version 21. Data gathered via the questionnaire administered are presented in tables and graphically illustrated. The findings of the study revealed, among others, that TETFund interventions in the area of staff training and development; conference and workshop attendance sponsorships, research grants, and educational support services have contributed significantly to human capital development in Nigerian public universities. Based on these findings, the study recommends a sustained and elaborate partnership between TETFund and public universities in the area of human capital development. It is also recommended that TETFund intervention should be expanded to cover more beneficiaries in the scheme.