Lignin is an abundant source of aromatics with low effective hydrogen-to-carbon ratio (H/C eff ), and the depolymerization of lignin provides significant potential for producing liquid products with an improved H/C eff value. In this work, the catalytic conversion of lignin monomers, dimer, trimers, and realistic lignin over spherical MOF-derived NiMo@C catalysts was well established, to get liquid fuels with a higher H/C eff . The optimal ratio of the Ni4Mo1@C catalyst exhibited good hydrodeoxygenation activity and stability for the hydrotreatment of lignin model compounds and lignin. The addition of Mo facilitated the decrease of the particle size of a spherical structure, strengthened the electron-transfer capability between metals Mo and Ni, and enhanced the acid strength. All of these factors contributed to higher hydrodeoxygenation activity in the hydrotreatment process. Up to 100% conversion and 90% yields of ethylcyclohexane and cyclohexanol with H/C eff values of 2.0 and 1.667, respectively, were obtained. The Ni4Mo1@C catalyst achieved a decrease of the oxygen element and an increase of H/ C eff and HHV values. The physicochemical characterizations were performed by various means including X-ray diffraction (XRD), scanning electronic microscopy (SEM), transmission electron microscopy (TEM), H 2 -temperature-programmed reduction (H 2 -TPR), NH 3 -temperature-programmed desorption (NH 3 -TPD), pyridine-infrared spectroscopy (Py-IR), inductively coupled plasma emission spectrometer (ICP), and Raman and X-ray photoelectron spectroscopy (XPS) analyses, which definitely elucidated the formation of a synergistic effect between metals Mo and Ni. Additionally, a control experiment also illustrated the synergistic effect that facilitated the occurrence of the hydrotreatment process under lower temperatures after the addition of metal Mo. Based on the optimal reaction condition (240 °C, 4 h, 2.0 MPa H 2 ), both lignin and its monomers/dimers/trimers could be effectively hydrotreated to afford liquid products with improved H/C eff value compared to raw lignin.