A former Nigerian presidential hopeful and businessman, Chief Dele Momodu is toasting to the hugely successful Nigerian election with an emphatic declaration that the "days of sit-tight rulers are over."

"If you lose an election you would have to give way," Chief Dele told Joy FM's Super Morning Show host, Kojo Yankson, just a day after Nigeria's historic election declaration which saw an incumbent government, led by Goodluck Jonathan, lose to an opposition leader and ex-military ruler, General Muhammadu Buhari.

Mr Buhari's All Progressive Congress (APC) won by more than two million extra votes after polling 14,954,400 to beat Jonathan's People's Democratic Party (PDP) which polled 12,827,522.

The outcome and the relatively peaceful nature of the election have made Nigeria not only the most populous and richest country in Africa but the pride of the continent as well.

Chief Dele Momodu who was keenly following the elections said there couldn't have been a better man to lead Nigeria at this point in its history.

"Buhari is a disciplined, experienced and knowledgeable man," Momodu touted, adding, the ex-military leader won the election because he was trusted by the people.

"The key element in politics is trust. People trust him [Buhari]" Momodu stated; the same trust that would make Peter, the disciple of Jesus walk on water when he was instructed to do so, he emphasised.

The acclaimed writer and CEO of Ovation International Magazine also applauded the statesman-like conduct of Goodluck Jonathan who called General Buhari to graciously concede defeat.

He said but for the early concession, some of the areas where the polls had been contested would have degenerated into chaos and bloodshed.

Over 800 people were believed to have died in 2011 when Goodluck Jonathan was voted into power. The number of election-related deaths have remarkably reduced in the 2015 election.

Security Analyst Irbard Ibrahim

WHY GOODLUCK LOST

Irbard Ibrahim, a security analyst said the fallout between Goodluck Jonathan and former Nigerian president Olusegun Obasanjo is partly to blame for the former's election defeat.

Goodluck Jonathan lost grounds in Yoruba communities across the country- areas which used to be strongholds of the PDP- largely because of the rift with Obasanjo, Ibrahim suggested.

He also believes the many defections by leading members of the PDP to the APC as well as the decision by Jonathan to globetrot when his country was saddled with so many problems, especially insecurity, may have also created some form of disaffection towards the PDP.

Irbard Ibrahim however applauded the strategists of the APC whom he said marketed Buhari as a military man who had the acumen and the ability to end the Boko Haram menace.