As President Barack Obama accepted the Nobel Peace Prize in Oslo, the Dalai Lama told Sky News he believes the award is "a little early" and cautioned the US president against relying too much on his advisers.

The exiled Tibetan leader won the Nobel prize 20 years ago for his peaceful opposition to Chinese rule in his country.

The Dalai Lama told Sky News: "I think if you are realistic, it may have been a little early but it doesn't matter, I know Obama is a very able person. Sometimes these individual persons rely on different advice from different people so like former President Bush junior, as a human being I really love him, really wonderful person, very honest, very truthful.

"But I think due to his advisers' views, some of his policies have been a disaster."

US President Barack Obama accepted the Nobel Peace Prize in Norway on Thursday but acknowledged the questions surrounding the award.

"I receive this honor with deep gratitude and great humility," he said. "It is an award that speaks to our highest aspirations -- that for all the cruelty and hardship of our world, we are not mere prisoners of fate. Our actions matter, and can bend history in the direction of justice.

In his Nobel speech, Obama expounded on the concept of "just war" and the necessity of the use of force.

"I do not bring with me today a definitive solution to the problems of war," Obama said. "What I do know is that meeting these challenges will require the same vision, hard work, and persistence of those men and women who acted so boldly decades ago. And it will require us to think in new ways about the notions of just war and the imperatives of a just peace."

Obama declined to meet the Dalai Lama during a recent visit to Washington, with observers pointing out it may have been awkward to do so just before the president travelled to China.

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