The teenage winger replaced Steven Gerrard late on in the 5-1 win against Arsenal back in February, and revealed that he wants to use teammate Sterling as an inspiration in his quest to find a first-team place at Anfield.
England international Sterling was thrust into the starting XI in Brendan Rodgers' first season in charge, before flourishing last term by winning the club's Young Player of the Season award after scoring 10 goals.
Speaking to the Liverpool Echo, Ibe explained how he wants to emulate the 19-year-old.
He said: “Raheem has done extremely well. He’s kicked on to another level this season. I’m really happy for him, and hopefully he can continue playing at that level with Liverpool and with England.
“He’s someone I look up to, definitely. He plays in a similar position and he’s a similar age. He’s someone I watch in training and try to learn from in the way he plays.
“I watch Raheem, Daniel Sturridge and the other attacking players in training. I just try to learn from them, improve myself and hopefully if and when I get my chance in the first team I will be ready to take it.”
Ibe played his part in helping Birmingham stay up in dramatic circumstances on the final day of the Championship season.
The 18-year-old was introduced from the substitutes' bench on the hour-mark with his team a goal down against Bolton Wanderers, before the Trotters doubled their lead on 76 minutes.
With Lee Clark's side needing a draw to stay in the division, Nikola Zigic struck 12 minutes from the end before Paul Caddis equalised in stoppage time.