I think the best answer to your question is in the article "Public-Private Institutions as Catalysts of Upgrading in Emerging Market Societies"
https://www.jstor.org/stable/40390369?seq=1
The authors argue that the ability of a firm to access a variety of knowledge resources and, in turn, upgrade its products depends on its being tied not simply to any or many organizations and institutions, but rather to those that act as social and knowledge bridges between previously isolated producer communities.
All heads have to put together for a round table discussion by all stakeholders in the Nigerian university administration for way forward. We can not continue to pretend as if everything is okay and expect any meaningful result.