Institutional education is the mainstay of human development.  Studies confirm that it transforms human beings into human capital, and economists like Theodore Schultz, Gary Becker, and Amartya Sen have recognized the significance of human capital for the economic growth of a country. Ancient Greek thinkers like Socrates, Plato, and Aristotle also spoke about the importance of education in society. Education widens and deepens vision, instills knowledge, imparts skills, and enhances abilities to make human beings productive in a social sense, as it improves their capacity to generate more economic value for themselves as well as for their nations. That is why education is believed to be a treasure around the world.

Chattal Bir Alhaj ABM Mohiuddin Chowdhury, inspired by these notions of education, decided to set up a university in Chattogram, which he perceived would impart quality education. Despite being a private university, he made sure that it would offer education at a low cost. To transform his idea into reality, he initiated a ‘Needs Assessment Study’ in 1998 and submitted a project proposal for Premier University to the Ministry of Education of the People’s Republic of Bangladesh in May 2001. In the same year, the government of the People’s Republic of Bangladesh approved the proposal under the Private University Act, 1992 (Amended in 1998 and 2010). The University Grants Commission (UGC) approved its curricula as well. Premier University then came into being and started its academic programs on January 21, 2002, with two departments: the Department of Business Administration and the Department of Computer Science & Engineering. 

Since the origination of the idea to establish this academic institution, the late Alhaj ABM Mohiuddin Chowdhury had led the university as its founder chairman and continued to do so until his sad demise on December 15, 2017. His dedication and persistent efforts made Premier University not only a center of excellence for higher education and learning but also one of the leading universities in this region.