- The country transitioned to civilian rule after a military dictatorship and Olusegun Obasanjo became the first democratically elected president since independence.
- The Provisional Ruling Council (PRC) military government handed power to an elected civilian government on May 29 ending almost nine successive years of military rule in the country.
- Chief M.K.O Abiola, winner of the June 12, 1993 presidential election, died on July 7 under suspicious circumstances while detained in military custody.
- An Interim National Government (ING), led by Chief Ernest Shonekan took office but was ousted within three months by General Sani Abacha, who established a new military regime.