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Nigerian businessman

Cletus Madubugwu Ibeto^[1][2][3][4] (born November 6, 1952) is a Nigerian businessman from the industrial city of Nnewi.

He is head of The Ibeto Group, the largest business enterprise from Nnewi, a city unique for its entrepreneurial spirit. In the early 1980s, when the oil crash and a controversial importlicensing^[5] system was making a dent on the Nigerian manufacturing environment, Nnewi went through a growth period.

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The Ibeto Group under the Ibeto's leadership was a pacesetter in the region and nation's trading and later manufacturing development.

Early history

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 March 1988 he stopped direct importation of lead-acid automotive battery and plastic motor accessories, after completing his factory in Nnewi. By 19