This study investigated the role of universities in developing human capital through training programs for lecturers and the implications for national transformation in Nigeria. The study found that opportunities for lecturers to attend retraining programs like conferences and workshops had a significant relationship with improvements in their teaching effectiveness and the transformation of students. It was concluded that ongoing training is an important way for universities to develop lecturers' skills and knowledge to transform teaching approaches and better prepare students to contribute to national development. The researchers recommended increased government funding for training programs to continuously develop the human capital in universities.