Allah honor me in paradise...

This verb أكرم is not derived from الكرم = generosity it is derived from الكرامة = dignity,honor,esteem In this sentence the meaning is to honor me ,high reputes me

When we follow God's dos and don'ts, he awards as in paradise with everything good.

كرم = karam means generosity, so the singer means that in Paradise, God's generosity will be bestowed upon him