Section 2: Objectives.

The objectives of this Chapter are to—
(a) create efficient and effective governing institutions, with clear and separate roles for the petroleum industry;
(b) establish a framework for the creation of a commercially oriented and profit-driven national petroleum company;
(c) promote transparency, good governance and accountability in the administration of the petroleum resources of Nigeria;
(d) foster a business environment conducive for petroleum operations; and
(e) deepen local content practice in Nigeria oil and gas industry.