The research examined the total loss revenue associated with the frequent oil spillage and gas flaring in the Niger
Delta region of Nigeria and its effects on the socio-economic development of the region between 1979 and 2008.
In carrying out the study, the survey research method was used while observation, interview, literature review
and internet were employed as techniques of data collection. The findings of the study revealed that the total loss
revenue of oil spillage and gas flaring was significantly influenced by the rate of oil spilled and gas flared, the
quantity of oil spilled and gas flared. The study also revealed that the total loss revenue of oil spillage and gas
flaring have no significant effect on the socio-economic development of the Niger Delta as measured by the rate
of poverty in the region. The following recommendations were made. Government should, as a matter of
urgency enact a law to control oil spillage and gas flaring which total lost revenue stood at US$175,795,811.00
equivalent to N20,671,321,766.00 and the establishment of oil spilled compensation fund to take care of the
effects of oil spillage and gas flaring in the region.