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The issue of child labour is an acclaimed universal phenomenon. This paper examines the reason for child labour, the types, problems, consequences and possible solution strategies. Specifically, the paper critically discusses the positive aspects of child labour and how it can be properly managed to the advantage of all. By working and contributing economically, children are showing solidarity with their families. The paper concludes by suggesting and recommending ways of positively managing child labour. Such include vast grassroots information campaigns and counselling on the hazardous effects of child labour and its economic values. It also discusses the roles federal/state governments can play through public education and enforcement of the universal basic education goals; introduction of a modified school curriculum that puts the recipients of child labour into consideration; creating and supporting rehabilitation and integration programmes and the enactment of penalties and sanctions against perpetuators negative child labour. Key Words: Bonded child labour, child work, child trafficking, cultural practice, exploitation, child prostitution, rehabilitation, self-reliance.