This is a good thing, because it indicates the development of a more robust political culture, as well as indicating a relatively free and fair election.
On the other hand, the man who won, Muhammadu Buhari, was the military ruler of the nation in the mid-1980s following a coup:
Former military ruler Muhammadu Buhari has become the first opposition candidate to win a presidential election in Nigeria.The concession by President Jonathan is a big deal.
Incumbent Goodluck Jonathan telephoned Gen Buhari, 72, on Tuesday night to congratulate him and concede defeat.
Unofficial voting tallies put Gen Buhari more than two million votes ahead of his rival.
Observers have generally praised the election, though there have been allegations of fraud.
"I promised the country free and fair elections. I have kept my word," Mr Jonathan said in a statement.
He said he had conveyed his "best wishes" to Mr Buhari, and urged "those who may feel aggrieved to follow due process... in seeking redress".
A spokesman for Gen Buhari's All Progressives Congress (APC) party praised Mr Jonathan, saying: "He will remain a hero for this move. The tension will go down dramatically."
Gen Buhari's supporters took to the streets in APC strongholds, including the northern cities of Kano and Kaduna, to sing and dance in celebration.
It shortcuts the many challenges to the legitimacy of the elections which are legion in that part of a world, and it allows for a smooth transition.
Here's hoping that this will allow for moves to reduce corruption in the infamously crooked government.