Understanding the dynamics of water yield related to water balance is vital for the functioning of ecosystems and model-based computation of their respective ecosystem services. This is important for valuable water resource planning and management in dryland regions, such as the Sokoto-Rima basin. In this study, we assess the spatiotemporal dynamics of quickflow (QF), local recharge (LR), and baseflow (B) between 1992 and 2015 with the use of the Seasonal Water Yield (SWY) model of InVEST (Integrated Valuation of Ecosystem Service and Tradeoffs) software. Pre-classified landcover, rainfall, satellite-derived evapotranspiration, digital surface topography, and HYSOGs 250m soil datasets were used as software input. The result of the study showed that QF, LR, and B depict similar spatial distribution with peak values generated within water-bearing landcover areas, particularly water bodies and wetlands. QF was highest in 2002 (1,293.6 mm), and the subsequent years -2012 and 2015 had reductions. Similar patterns were observed in LR and B with much lower values. The temporal trend for the 23-year period of the study showed that QF had an increasing rate of 85.331 mm while decreasing rates of 56.131 mm and 27.597 mm were detected for LR and B, respectively. Three essential parametersalpha (α), beta (β), and gamma (γ) showed evidence of sensitivity to changes in seasonal water yield values. These water balance transactions provided an opportunity to review the impact of the sensitivity of the landcover, climate, and hydrogeological factors on water resources management, mainly freshwater accounting in the Sokoto-Rima basin of the northwestern part of Nigeria.