Elmer Figueroa Arce, better known under the stage name Chayanne, is a Puerto Rican Latin pop singer and actor. As a solo artist, Chayanne has released 21 albums and sold over 15 million records worldwide, making him one of the best-selling Latin music artists.

The 5th Lo Nuestro Awards ceremony, presented by the Univision and Billboard magazine, honored the best Latin music of 1992 and 1993 and took place on May 20, 1993, at a live presentation held at the James L. Knight Center in Miami, Florida. The ceremony was broadcast in the United States and Latin America by Univision.