Cletus Ibeto is a Nigerian industrialist and a definitive industry leader of The Year, whose bold vision and profound resilience have built one of the country’s largest conglomerates. Rising from Nnewi, a town famed for producing self-made industrialists, Ibeto transformed a small auto spare parts trading business into the Ibeto Group.
His resilience and results-driven mindset are hallmarks of his career. In the 1980s, Ibeto made a strategic pivot from importation to local manufacturing in response to an unstable business climate and import restrictions. His businesses now span cement manufacturing, automotive parts, petrochemicals, and hospitality.
His story from apprentice spare-parts dealer to industrial magnate is often cited as an example of ingenuity and perseverance in Nigeria’s tough business environment.
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