Peer tutoring plays a very significant role in teaching and learning, its gain is not limited to positive academic performance but extends to social life development. This work seeks to identify the impact peer tutoring has on librarians in training at the University of Ibadan, including the motives and strategies of the participants, the benefits derived and the way forward in peer tutoring. Questionnaire instrument was used for data collection. Survey questionnaire was designed to elicit information on what motivates peers to participate in peer tutoring, the benefits of peer tutoring to librarians under training, strategies used by students at University of Ibadan to indulge in peer tutoring, and to seek opinion on measures to facilitate peer tutoring. The findings revealed that peer tutoring has an outstanding positive impact in the life and profession of librarians under training. Group discussion, tutorial classes and one-on-one teaching are among the strategies used by Library school students in peer tutoring. The peer tutor, the tutee and even the lecturers do benefit from peer tutoring as all are impacted in one way or the other. To promote peer tutoring calls for cooperation amongst library school students and university management in the planning and promotion of conducive atmosphere for peer tutoring within the campus. The introduction of E-learning and other appropriate ICTs will be a great aid towards enhancing peer tutoring.