Senate president Godwill Akpabio, who gave the approval during the plenary on Wednesday, stated that each of the five bereaved families would receive N10 million.
The boy was arrested on 9 July on suspicion of criminal damage to a vehicle.
The organisation identified Sudan as the country with the greatest progress.
The abduction occurred on Tuesday at about 5:25 p.m. when the students were writing their exam.
“In the first half of the year, the national economy operated within a reasonable range,” the NBS said.
The senator urged the Oyo State goverment to hire psychologists to heal the pupils.
In a tribute, Ub40 Ali Campbell, described Mr Mojah’s demise as a sad development.
Mr Dare gave N50,000 each to the 25 pupils.
It was learnt that Mr Adeyemi was arrested by the Intelligence Response Team from Abuja in Osun State.
Mr Nwobi further appealed to the South African government to grant Nigerians willing to self-deport a waiver to enable them do so without being arrested and detained.
