Palynology has become a well-established research tool leading to enormous breakthroughs in the world of science. As a result, Palynology has integrated perfectly into multidisciplinary programmes, such as Melissopalynology, Aeropalynology, Forensic palynology, Agricultural palynology, Fossil palynology, Morphorgraphic palynology (pollen morphology, pollen productivity), Latropalynology, Palaeopalynology including many other areas. Through these multidisciplinary programmes, Palynology has found various applications in Archaeology, Geology, Criminology (Forensic science), Allergology in medicine, Plant taxonomy, Stratigraphy, Paleoecology, Paleobotany and Petroleum industry. The term palynomorph includes both pollen of spermatophytes, spores of fungi, ferns, and bryophytes, as well as other organic-walled microfossils such as dinoflagellates and acritarchs. Pollen grains can be studied for comparative morphological data, clues to unexpected aspects relating to breeding systems, pollination biology and hybridization. This can bring about a better understanding of the whole biology of the group under investigation. Forensic palynology deals with the use of pollen and spores in disproving or proving relationships between people, crime scenes and objects so as to resolve civil or criminal cases. In recent petroleum researches, palynology has become an important tool in resolving many age and facies correlation problems. Palynologists are evolutionarily oriented botanists working ultra-structurally, especially those routinely using Transmission Electron Microscopy (TEM). They are perfectly trained, highly experienced scientists who regularly bring solutions to socioeconomic problems. It is in view of this that we present an overview of the various contributions and the significance of palynology, and how it could be further harnessed in bringing about socioeconomic development in Nigeria.