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Management institutions in Africa experience socio‐economic problems far worse than any which exist in the Western World. Solutions of the past are no longer relevant and are therefore inadequate. The IMF/World Bank's prescription for economic recovery in African countries seems to be having little effect. What is being done, and what should be done, to train staff in African management institutions to improve the situation?

The article presents an overview of discussions, particularly concerning developing countries in the Common‐wealth, of the role of small enterprises as a viable means of promoting self‐reliance in economic development and diversity. Encouragement of the entrepreneurial spirit and skills is vital in this context. These are examined in detail and Commonwealth experiences are summarised with special emphasis on attitudes to entrepreneurs, women as entrepreneurs and the importance of training by experienced professionals.

The history of the public enterprise sector in Nigeria is described in some detail, with an emphasis on the steps that have been taken to improve the running of the enterprises since civilian government of the country. In the face of extremely difficult circumstances, including massive devaluation, the country has fought its way back from a position of enormous problems to one of relative economic growth.

Suggests that, with the severe and continuing resource problems besetting the Indian economy, and with the pressure on policy makers to increase economic growth, there is a need to privatize State Transport Undertakings (STUs). Points out that the debate as to whether STUs should undergo sweeping reforms, or be privatized, has assumed serious proportions. Makes an attempt to study the reasons for and against nationalization at the time of the takeover of the passenger road transport business in the public sector. Aims to contextualize this sector in the country′s planned economic development, outlines a profile of STUs, evaluates their operations, and indicates the scope and methods for reform and privatization. Sums up policy implications in the final section.