North South University, the first private university in Bangladesh, was established by a group of philanthropists, industrialists, bureaucrats, and academics. The government of Bangladesh approved the establishment of North South University in 1992 the under Private University Act (PUA)-1992 (now replaced by PUA-2010). The university was formally inaugurated on 10 February 1993 by the Prime Minister of Bangladesh. The honorable President of the People's Republic of Bangladesh is the Chancellor of NSU.