The 17-year-old has revealed that Sterling's presence has been highly beneficial.
Ibe told the Liverpool Echo: "Raheem helps me a lot off the pitch.
"He's a good friend. He tells me what I should do and we talk a lot. There's healthy competition there. If he works hard then it makes me want to work hard and if I work hard it makes Raheem work hard.
"We are both young and just starting out in the game. But obviously Raheem has achieved a lot more than me so far.
"He's established in the first-team squad and that's where I'm trying to get to myself. If I keep playing well hopefully I can achieve that."