This research work is on the Impact of Tertiary Education Trust Fund on the Development of some selected Tertiary Institutions. Education in Nigeria has been facing a lot of challenges and problems which affect the standardization of the sector for many years. Despite the effort of the past administrations to overcome the problems facing the sector, they still manifest in our tertiary institutions. These problems are among others on the funding mechanism which leads to poor structure poor library and laboratory equipments, staff training, research programmes, poor teaching and reading aids etc. TET-FUND is now the current agency established by the government to solve the problem of poor funding in the education sector, but despite the efforts of the TETFUND these problems still manifest, why? It also showed how TET-FUND identifies areas of weakness and intervenes to solve the problems. The research work covered the period of 2005 - 2010. It used both primary sources of data which includes

 interview, questionnaire and observation and secondary data which includes relevant literature as text books, journals, hand books etc Random sampling and systematic sampling technique were adopted. Simple percentage and highest mean score were

 used in data analysis. It was discovered that TET-FUND made good effort to overcome the problem of funding in the education sector but more are needed from the agency. The study also established that TET-FUND uses only 2% assessable profit of Limited Liability Company and some special grant from the government as its sources. It was gain discovered that TET-FUND makes flat system of allocation to all universities, flat to

 all polytechnics and flat to all colleges. The work recommended that TET-FUND should continue with some adjustments and amendments to suit the dynamic nature of the society. Also the study recommended that 2% assessable profit should be increased to

 at least 5%. Also, allocation should be made based on needs to the institutions.

 Conclusively, a local fund management committee (LFMC) in each beneficiary institution should be set up to ensure viability and completion of project. The research work also recommended for further studies in related areas