The study examined the effect of global economic crisis(2005 ~ 2009) on forest conservation and carbon sink with contribution towards climate change.Ogun State was zoned into four strata based on ethnic and geographical characteristics.The strata are Egba,Yewa,Ijebu and Remo.Empirical data from Ogun State Ministry of Forestry were subjected to statistical analysis to examine the demand trend of local timber in the market.The result shows that there was low demand and weak market between 2005 and 2009.Timber demand dropped from 58,468 in 2005 to 13,540 in 2009 representing 76.9% decrease.Consequently,sawmills decreased from 290 units in 2005 to 207 in 2009 representing 39.2% decrease.Both softwood and hardwood species were exploited The climate change advantage was identified through the amount of carbon sink estimated at 8,470 mg C for 1 lOha of natural species based on previous estimates.This translates into reduced forest degradation and deforestation(REDD) and the resiliency of the forest allowed for recovery.It is recommended that forest policy must encourage reduced exploitation through ecocentrism ideology to allow immature species to grow and improve carbon sequestration through forest resiliency and consequently protect the environment from greenhouse gas emission. The study examined the effect of global economic crisis (2005 ~ 2009) on forest conservation and carbon sink with contribution towards climate change. Ogun State was zoned into four strata based on ethnic and geographical characteristics. Strata are Egba, Yewa, Ijebu and Remo . Empirical data from Ogun State Ministry of Forestry were subjected to statistical analysis to examine the demand trend of local timber in the market. The result shows that there was low demand and weak market between 2005 and 2009.Timber demand dropped from 58,468 in 2005 to 13,540 in 2009 representing 76.9% decrease.Consequently, sawmills decreased from 290 units in 2005 to 207 in 2009 representing 39.2% decrease.Both softwood and hardwood species were exploited The climate change advantage was identified through the amount of carbon sink estimated at 8,470 mg C for 1 lO of natural species based on previous estimates. This translates into reduced forest degradation and deforestation (REDD) and the resiliency of the forest allowed for recovery. It is recommended that forest policy must encourage reduced exploitation through ecocentrism ideology to allow immature species to grow and improve carbon sequestration through forest resiliency and securely protect the environment from greenhouse gas emission.