In this study, we present a novel approach to enhancing the degradation of acetaminophen (ACT) using nanostructured hybrid nanofibers. The hybrid nanofibers were produced by employing both sol-gel and electrospinning methodologies, integrating precise quantities of silver (Ag) and boron nitride (BN) nanosheets into titanium oxide (TiO2) nanofibers and halloysite nanotubes (HNT). We extensively examined the morphology, structure, and optical properties of these materials by employing scanning electron microscopy, X-ray diffraction, Raman spectroscopy, and X-ray photoelectron spectroscopy in our analysis. In the case of the HNT-TiO2 composite, the introduction of Ag nanoparticles at concentrations of 0.5%, 1.5%, and 3% led to a significant improvement in photocatalytic activity. Under visible light exposure for 4 h, the photocatalytic activity increased from 63% (HNT-TiO2) to 78.92%, 91.21%, and 92.90%, respectively. This enhancement can be attributed to the role of Ag nanoparticles as co-catalysts, facilitating the separation of electrons and holes generated during the photocatalytic process. Furthermore, BN nanosheets served as co-catalysts, capitalizing on their distinct attributes, including exceptional thermal conductivity, chemical stability, and electrical insulation. The incorporation of BN nanosheets into the Ag (3%)/HNT-TiO2 composite at a concentration of 5% resulted in a remarkable increase in ACT degradation efficiency. The degradation efficiency improved from 59.47% to an impressive 99.29% within a 2-h irradiation period due to the presence of BN nanosheets. Toxicity and scavenging assays revealed that OH•−, O2•−, and h+ were the major contributors to ACT degradation. Moreover, across five consecutive cycles, the Ag-BN/HNT-TiO2 composite exhibited consistent and stable performance, underscoring the significant contributions of Ag and BN in augmenting the photocatalytic capabilities of the composite. Overall, our findings suggest that this novel hybrid nanofiber composite holds great promise for practical applications in environmental remediation due to its improved photocatalytic activity and stability.