The competitive bidding, answered by 23 works, finished with the sculptor Anton Augustinčić winning the first, Rista Stijović the second, and Sreten Stojanović the third prize. The Board decided to entrust Anton Augustinčić with the building of the monument. The monument was built of the black marble from Jablanica and encrusted with bronze sculptures and reliefs. The top of the monument holds a horseman - herald of the victory (a Serb from the Morava Region), carrying the banner of liberty which contains the initials SSSS ("Samo sloga Srbina spasava" - only concord can save the Serbs). The front lower part of the pedestal contains a frieze that pictures the fight of Stevan Sindjelić on the Čegar Hill, and the northern frieze shows Kole Rašić organizing the inhabitants of Niš to the rebellion against the Turks. The eastern and western sides symbolize the events from 1809 to 1918. Below these friezes, there are four reliefs: the Kole Rašić's rebels taking an oath before the priest Petar Ikonomović in 1874 and the entry of the liberation army into Niš in 1877; the 1914 decision of the People's Assembly about the uniting of all the South Slavs and the entry of the liberation army into Niš on September 29th, 1918.

The monument to the liberators of Niš was unveiled on June 28th, 1937, on the sixtieth anniversary of the liberation of the city from the Turks.