Education is undoubtedly the greatest instrument which man has devised for his own progress. All societies have one form of education or another but the use to which it is put varies. This study investigated study habits, academic locus of control and self-efficacy as correlates of academic achievement among undergraduate students of the University of Lagos, Nigeria. A descriptive research survey was utilised for the study. The sample consisted of 524 undergraduate students selected from five faculties through proportional stratified random sampling technique. Three research questions and corresponding hypotheses were tested at .05 significant level while data were generated using standardized psychological tests which are Internal Control Index (ICI), Self-Efficacy Scale (SES), Study Habit Inventory (SHI) and Cumulative Grade point Average (CGPA) of the participants. Pearson Product Moment Correlation Coefficient Statistics was used to analyse the data. Results obtained showed a significant relationship between study habits, locus of control, self-efficacy and academic achievement among undergraduate students of the University of Lagos, Nigeria. It was recommended that parents, lecturers and the stakeholders on the campus and in the society at large should empower the undergraduate students to match both external and internal locus of control by self-efficacy, competence and effective study habits to achieve their academic goals.