Economic and Technological Importance of Catalysts in Nigeria

Catalysts are pivotal in the economic and technological advancement of a nation. Most nations of the world can trace their developments in virtually all sectors of their economy to the use of catalysts. They are the fundamental drivers for the viability of most industries. This study focused majorly on the economic and technological importance of catalysts. The chemical and biological catalysts (enzymes) were properly analyzed, and their economic importance was brought to light in this work. The study disclosed that chemical catalysts are used in the manufacture of almost all chemical products. Hence, International Labour Organisations, United Nations and other stakeholders should enforce strict safety regulations on industries producing catalysts so that the ecological and health risk involved in its production can be reduced to the barest minimum.