By Rukayat Moisemhe
The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) says Nigeria needs a stronger insolvency architecture to support business recovery, restructuring and economic resilience amidst changing global and domestic realities.
Vice President, BRIPAN, Mr Abiodun Ariyibi, made this known on Friday in Lagos at a conference ahead of the association’s 2026 Annual International Insolvency Conference in Lagos.
Ariyibi said that the conference scheduled for Sept. 24 and Sept. 25 at the Civic Centre, Victoria Island, is with the theme: “Building an Insolvency Architecture for a New World Order”.
Ariyibi said the theme, in response to emerging economic realities, reflects the need to rethink and strengthen the systems, policies, institutions and professional practices governing business recovery and insolvency in Nigeria.
He noted that economic uncertainty, technological disruption, evolving regulatory frameworks, climate-related risks and changing stakeholder expectations were reshaping the operating environment for businesses globally.
According to him, the changing environment requires an insolvency architecture that is responsive, innovative and aligned with global best practices, while addressing Nigeria’s peculiar economic circumstances.
“As Nigeria continues its journey toward economic transformation, the conversations taking place at this conference are critical.
“We must collectively examine how our insolvency architecture can respond to emerging realities while aligning with global best practices.
“We must explore innovative solutions, leverage technology, strengthen regulatory frameworks, and encourage collaboration among all actors within the insolvency ecosystem,” he said.
Ariyibi said the conference would therefore focus on how Nigeria could build a more effective framework for managing business distress, facilitating restructuring and creating opportunities for viable businesses to recover.
He said modern insolvency practice should not be viewed merely as a mechanism for managing business failure, but as a tool for business recovery, restructuring and renewal.
“Economic transformation cannot be achieved by creating new businesses alone; it also requires preserving and revitalising existing ones.
“Effective business recovery and restructuring mechanisms help organisations overcome distress, protect livelihoods, retain value within the economy, and contribute to sustainable national development,” he said.
Ariyibi said the conference would bring together insolvency practitioners, regulators, policymakers, judges, legal professionals, financial experts, business leaders, academics and development partners to examine the future of insolvency and restructuring.
He said discussions would centre on emerging trends, regulatory developments, technology, global best practices and ways of strengthening collaboration among stakeholders within the insolvency ecosystem.
He added that the conference would feature presentations by local and international experts, panel discussions, practical case studies and conversations on strengthening economic resilience through effective insolvency and restructuring practices.
Ariyibi said the event would also provide opportunities for participants to engage with decision-makers across the legal, financial, regulatory, corporate and advisory sectors.
He added that the conference would feature a Gala Night to celebrate excellence within the profession and foster stronger relationships among stakeholders.
Ariyibi called on professionals, business leaders, regulators, academics, investors and other stakeholders to participate in the conference.
He also urged corporate organisations, professional service firms, financial institutions and development partners to support it through sponsorship and strategic partnerships.
The News Agency of Nigeria (NAN) reports that BRIPAN is a professional body for insolvency, restructuring and business recovery practitioners committed to promoting professional excellence and contributing to the development of an effective business recovery ecosystem in Nigeria.(NAN)
Edited by Folasade Adeniran