NATIONAL
Costa Mar's post-quake recovery stalls as federal aid falls short of regional need
Governor Adeyemi accuses Meridian of underestimating the peninsula's reconstruction costs; the Federal Treasury disputes the figures
Mateo Reyes1,143 wordsEdition № 42Tuesday, 30 June 2026 — Edition № 42
Governor Solomon Adeyemi appeared before the Regional Assembly on Thursday to present a stark accounting: of the 12 million florins allocated by the Federal Treasury for Costa Mar's post-earthquake reconstruction, only 2.8 million has been disbursed. The remaining 9.2 million, he said, is caught in a federal review process that the governor characterized as a bureaucratic delay masking a fundamental disagreement about the scale of the damage.
The tremor in late March caused structural damage to three schools, cracked the seawall at Puerto Azul's fishing district, and destabilized several eco-lodge buildings in the interior. Initial damage assessments by the Regional Public Works Ministry put the cost of full repairs at 18 million florins. The Federal Treasury's initial allocation—12 million—was itself a source of tension; Adeyemi called it 'inadequate from the start.'
Now the delay compounds the problem. Schools in two towns remain partially closed. The fishing district's damaged seawall is undergoing temporary shoring with no permanent reconstruction timeline. And the eco-lodge operators, already struggling with the seasonal downturn and rising insurance premiums, report that their insurance claims are being delayed pending clarity on what the federal government will cover.
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