Cletus Ibeto

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Cletus Ibeto is a Nigerian businessman from the industrial city of Nnewi. He is head of the Ibeto group, one of the largest or the largest business enterprise from Nnewi, a city unique for its entrepreneurial spirit. In the early 1980's, when the oil crash and a controversial import licensing system was making a dent on the Nigerian manufacturing environment, Nnewi went through a growth period. The Ibeto group under the leadership of Cletus Ibeto was a pace setter in the region and nation's trading and later manufacturing development.

Cletus Ibeto started out as a spare parts import dealer, after spending some time as an apprentice in the motor parts business, a gradual step taken by many eastern traders. In 1988, he stopped direct importation of battery and plastic motor accessories after completing is factoring in Nnewi. By 2001, he had become one of the largest spare parts manufacturing outfits in the country.

[edit] References

• David S. Fick; Entrepreneurship in Africa: A Study of Successes.