According to its 1995 manifesto, the main political objective of the NSP was to organise and maintain a democratic movement that would ensure the solidarity and establishment of a just political system and standard of living. The party believed in a multi-party political system so that the rights and interests of the people could be proportionately represented. The NSP also aimed to establish an open and freely competitive economic environment that would provide sufficient opportunities for local enterprises. Today, the NSP continues to strive for these values. It continues to promote the establishment of a multi-party political system as well as a pro-business economic environment.
NSP made their political debut in the 1988 general election, and has contested in every election since. NSP also had contested in the 1992 by-election for the constituency of Marine Parade GRC, which was led by then-Prime Minister Goh Chok Tong.