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