
Nigerian military president who annulled the 1993 election.
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Ibrahim Babangida led a palace coup that overthrew Muhammadu Buhari. Babangida became the military president, promising to restore democracy and address economic issues.
Babangida implemented a Structural Adjustment Program (SAP) under the guidance of the IMF and World Bank. The program included currency devaluation and privatization, leading to economic hardship and social unrest.
Babangida annulled the June 12, 1993 presidential election, widely believed to have been won by Moshood Abiola. The annulment triggered a political crisis, protests, and the eventual end of Babangida's regime.
Under intense pressure, Babangida resigned as military president and handed over power to an interim national government led by Ernest Shonekan. This move was intended to defuse the crisis but failed to restore stability.
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