Some activities of the Fund include:

Financing of research, development and endowments in the institutions

• Award of scholarships and busaries to post graduate student and special undergraduate students in the oil and gas studies
• Development of specialise skill inthe petroleum sector
• Upgrading of petroleum training institute (PTI) Effurun into a center of excellence for manpower development in the oil and gas industry.
• Establishment of college of petroleum studies, Kaduna and Off-shore Technology Development Center
• Upgrading of curricula and facilities of sosme selected Universities and Polytechnics.
• Accelerated human capital building as in 'train the trainer' programme.
• provision of national laboratory and on-line library
• Skill acquisition programme
• Introduction of relevant programme in pre-tertiary institutions