: Forest Reserves (FRs) constitute a significant portion of the forested lands within protected areas, and their conservation is essential for Nigeria to achieve the United Nations’ Sustainable Development Goals (SDGs). Our study conducted an analysis of the dynamics of forested lands in the study area to evaluate and rank management performance over the period of 2014-2022. The forest bloc in OSO witnessed an expansion by 1.39% (3,929.67 ha) from 27.73% to 29.12% forest cover in 2014 and 2022, respectively. Forest fragments declined from 16 to 10 units for the forest bloc (>201.1 ha) with a proportionate increase in the Largest Patch Index (LPI) from 5,815.53 ha to 39,234.15 ha, in the period 2014 -2022, respectively. Omo, Ago-Owu, Ife and Shasha FRs all witnessed negative changes in the percent forest cover representing a decline of about -0.43% (529.52 ha), -37.62% (9028.8 ha), -8.54% (1217.43 ha) and -0.29% (89.55 ha), respectively. Oluwa FR had an increase in the forest cover by 17.64% or 14,596.38 ha in the period 2014 - 2022. The forest cover retention rates in the period 2014 – 2022, ranks Oluwa FR ahead of other FRs in terms of Protected Area (PA) management efficiency. The results highlight the existence of a relatively better and effective forest management system in the reserve. Landsat data are capable of providing near real-time forest cover information that can be integrated into existing tracking tools for periodically gauging management efficiency and performances across the PAs of Nigeria.