The system Nigerian projects have been missing.
KM-5 is not accounting software. It is not a scheduling tool. It is the platform that sits between those tools and answers the questions none of them answer well — who authorized this spend, is the money being spent correctly, and has the regulator been told.
How Nigerian capital projects are managed today
SAP posts the financial entries. P6 manages the schedule. Excel manages everything else. Email routes the AFE. None of them speak to each other. Cost engineers spend most of their time moving data between systems, chasing approvals over email, and building reports that are out of date by the time they are read.
The Authorization for Expenditure is one of the most consequential documents in a project's financial life. In most Nigerian operations today, it is approved via a Word document that arrived by email. No audit trail. No version control. No system of record. Auditors ask for it. Nobody can produce the full chain.
One platform.
Two industries.
Built for Nigerian ground.
KM-5 has two distinct workspaces that share a platform but are built for fundamentally different industries. The O&G workspace speaks AFE, NUPRC, and DOA. The Construction workspace speaks BOQ, PPC, retention, and BPP. Neither is a translation of the other. Both are built from first principles around how their industry actually works in Nigeria.
"Not adapted from a Western software product with Nigerian features bolted on — built from scratch with Nigerian regulations, Nigerian market rates, Nigerian approval structures, and Nigerian industry terminology at the centre."
Every naira that moves on a KM-5-managed project traces back through an unbroken chain: cost estimate → authorization → expense → earned value → regulatory submission. That chain does not exist in the current combination of SAP, P6, Excel, and email.
The upstream financial lifecycle, end to end.
From the first cost estimate to the last NUPRC submission, the O&G workspace manages the complete financial life of upstream petroleum projects. No external tools required. No manual compliance assembly.
The authorization document in upstream O&G is the AFE — Authorization for Expenditure. Every naira spent must be authorized by an approved AFE. NUPRC requires it. Company DOA policies require it. Auditors check for it. KM-5 is built around this reality, not bolted onto it.
Six approval levels. DOA-based thresholds per level. Emergency AFE fast-track (3 levels). Supplementary AFE when ceiling is breached. Auto-escalation when amount exceeds threshold. Every action timestamped and named. The MD approves inside the system — not by forwarded email.
Individual invoices posted against approved AFEs. Each expense reduces the remaining AFE budget in real time. CBN FX rate applied at posting date — both currencies stored permanently. Ceiling alert at 90% utilisation. Cost controller review step configurable.
CPI, SPI, EAC, ETC, VAC, CV, SV, TCPI. S-curve showing PV, AC, EV and EAC forecast line. WBS-level breakdown — CPI per work package. PM enters physical progress percentage monthly — ten minutes of input. Everything else calculated automatically.
WBS auto-generated from approved cost estimate categories — no re-entry. PM adds only start month, end month, and spend profile. KM-5 distributes spend across months automatically. Baseline locked creates the Planned Value curve. Excel import for clients migrating from P6 or MS Project.
Auto-generated submission package on MD approval for AFEs above the NUPRC threshold. Package includes: approved AFE, cost breakdown, approval trail, OML licence, scope document. 30-day filing deadline clock. Filing status and reference number recorded. Regulatory team downloads and files in minutes.
Quantity × rate structure per line item. Categories that become WBS work packages after AFE approval — no re-entry at any stage. Assumptions recorded against the estimate. Version history maintained. Internal sign-off process before the AFE is raised. Class 3 is the most common starting point for Nigerian operators.
From BOQ to final account, in Naira.
The Construction workspace manages the complete financial lifecycle of construction projects — BOQ creation and tender, monthly certification, retention, practical completion, and final account. Built around how Nigerian contractors actually work.
The authorization document in construction is the BOQ — Bill of Quantities. It is the authorized contract sum, broken down by measured items. Every certified payment comes from an approved BOQ. KM-5 treats the BOQ as the financial spine of the project — not a document that lives in a folder.
Quantities × rates = amounts per item. Section-level and item-level structure matching Nigerian QS conventions. Sent to tender or negotiated directly. Full DOA approval chain — same structure as O&G. BOQ approved = contract sum authorized. Variation orders managed when scope changes. Each VO goes through its own abbreviated authorization.
Contractor submits payment application. QS measures and certifies on site. Certified amount posts against BOQ. Disputed amounts flagged separately. Variance between application and certification tracked. Retention calculated automatically at 5% or 10%. Net payable amount clear at every stage. Payment status tracked through to settlement.
All retention held across all PPCs accumulated automatically from each certificate. Release schedule tracked against project milestones — half on Practical Completion, half on Defects Liability Certificate. DLP expiry clock runs in the background. The system surfaces retention release events before they are due, not after.
Current material and labour rates for Nigeria — steel, cement, concrete, gravel, trade labour by region. AI-assisted rate benchmarking using real market data. Rates fed directly into BOQ preparation. Historical rate tracking for benchmark analysis and tender defence. When the naira moves or steel prices shift, estimates reflect it.
Bureau of Public Procurement notification generated automatically for public-sector funded projects above threshold. COREN engineering oversight documentation for projects requiring registration. Compliance status tracked per project. No manual package assembly — the documents come from the project data that already exists in the system.
Actual Cost flows automatically from certified PPC amounts — no separate data entry. Planned Value from the locked WBS baseline. PM enters percentage complete per BOQ section monthly — one input per section. CPI, SPI, EAC, ETC, VAC calculated automatically. Bell curve is the default construction spend profile. S-curve shows where the project stands against plan.
For parent companies with subsidiaries,
a view above all of it.
Companies with separate O&G and construction subsidiaries get a Group Dashboard sitting above both workspaces. GMD-level visibility across the entire group — total authorized spend, total actual spend, FX exposure, subsidiary health, and escalated AFEs that have exceeded the subsidiary MD's threshold. The group signs. It returns to the subsidiary. The chain is intact.
What every other tool does not do.
| Capability | SAP / Oracle | Primavera P6 | Procore | Excel | KM-5 |
|---|---|---|---|---|---|
| AFE workflow | No | No | No | No | Native — full DOA chain |
| BOQ management | No | No | Not for Nigeria | Manual | Nigerian QS conventions |
| NUPRC compliance | No | No | No | Manual | Auto-generated package |
| BPP / COREN | No | No | No | Manual | Auto-generated |
| Earned value management | Partial, with config | Yes — schedule only | No | Manual | Native, no P6 required |
| NGN FX management | No | No | No | Manual | CBN live rate, both currencies stored |
| Retention tracking | No | No | Basic | Spreadsheet | Automated — PPC to final release |
| Nigerian data residency | No | No | No | N/A | AWS Lagos, NDPR compliant |
| Cost to implement | Months, consultants required | Weeks | Weeks | Zero | Pilot in 2–3 weeks |
The organisations that build and operate Nigeria.
Nigerian E&P companies managing their own blocks, JV interests, and NUPRC reporting without the dedicated finance teams that IOCs carry. KM-5 gives them the infrastructure that was previously only available to the majors.
Local project teams inside international operators who need NUPRC compliance, Naira cost structures, and Nigerian DOA workflows — functionality that global enterprise systems do not carry for the Nigerian market.
The national oil company and its operating subsidiaries managing capital programmes across multiple assets — where consolidated portfolio visibility and group-level authorization matter most.
Large contractors managing BOQs, subcontractors, retention, and variation orders across multiple sites simultaneously. The complexity of Nigerian construction finance requires a system that speaks the language of Nigerian contracts.
Companies working across road, infrastructure, and building programmes — where BPP compliance is required, BOQ conventions follow Nigerian QS practice, and retention management cannot live in a spreadsheet.
Project management consultants, state government infrastructure programmes, and industrial companies building large facilities — where the client needs independent visibility over contractor cost performance.
Nigeria
first.
Africa
next.
Ready to move off
spreadsheets?
KM-5 is available for paid pilot engagements. We work directly with your project team against a live project. The pilot demonstrates what financial intelligence looks like when the platform was built for the work you actually do — not adapted from somewhere else.
We respond to all serious enquiries within one business day. Pilot engagements begin within two to three weeks of initial conversation. We work against a live project — not a demo environment.