This study presents the impact of global warming on precipitation patterns in Ilorin, Nigeria, and its implications on the hydrological balance of the Awun basin under the prevailing climate conditions. The study analyzes 39 years of rainfall and temperature data of relevant stations within the study areas. Simulated data from the Coupled Global Climate model for historical and future datasets were investigated under the A2 emission scenario. Statistical regression and a Mann-Kendall analysis were performed to determine the nature of the trends in the hydrological variables and their significance levels, while a Soil and Water Assessment Tool (SWAT) was used to estimate the water balance and derive the stream flow and yield of the Awun basin. The study revealed that while minimum and maximum temperatures in Ilorin are increasing, rainfall is generally decreasing. The assessment of the trends in the water balance parameters in the basin indicates that there is no improvement in the water yield as the population increases. This may result in major stresses to the water supply in the near future.