Policy reform is a planned change to existing laws guiding the administration of an organization toward improving standards to achieve desired objectives. It provides limits and direction to bring about positive change in a system and for the organization to function effectively for growth and development. The school is a social system and has its set objectives like any other system guided by policies therefore, the tertiary education system is not spared from policy reforms. However, it is worrisome to observe that there are trending issues between government policy reforms on tertiary education and stakeholders of the educational system on funding, infrastructural provision, and staff welfare, resulting in incessant industrial actions. The paper critically reviewed both past and present policy reforms on tertiary education in Nigeria, the different models that were adopted, and how effective policies are been implemented. The paper equally analyzed the effectiveness of both current and past implementation strategies that were implored and their achievements in the administration of tertiary education in Nigeria. In conclusion, the paper posits that there is inconsistency and lack of commitment on the part of the government in policy reforms and therefore, suggests among others that policy reforms should be all-inclusive.